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LET ME TELL YOU THIS. CORRELATION DOES NOT IMPLY CAUSATION BUT WHO THE HELL
CARES! IF THERE'S A STATISTICALLY SIGNIFICANT CORRELATION BETWEEN TWO
MARKETS THEN IT'S VALID TO TRADE IT, REGARDLESS OF WEATHER OR NOT THE REASON
FOR THE TREND IS UNDERSTOOD.
THE WINNING PERCENTAGE OF LAKERS WINS VS PORTLAND INCREASED SIGNIFICANTLY
OVER THE WEEKEND.
AND THE NASDAQ IS UP A NEAR RECORD 203 PTS AS OF 1:33 CST.
!!!!GO LAKERS!!!!
------Original Message------
From: Scaletrade@xxxxxxx
To: omega-list@xxxxxxxxxx
Sent: May 30, 2000 5:39:57 AM GMT
Subject: Re: You got game?
In a message dated 05/27/2000 9:16:03 AM Pacific Daylight Time,
omega-digest-request@xxxxxxxxxx writes:
> Too bad though, if one market would lead another by about 5 ,10 or 30
> minutes consistently we could all be rich.
A funny thing happened to me a year ago when I had just signed up for my
realtime futures quotes...
I had the S & P quotes going in one window, and right below it the Dow Jones
Futures. I noticed over a period of a few days that the Dow contract
consistently made similiar large moves to the S & P, only approximately 10
minutes later. I watched this for awhile, and finally got up my courage to
place the trade...
Well, I was filled quite a bit worse than I expected, and as I watched the
chart, I found that the dow never traded up to my fill until, guess what,
about 10 minutes had elapsed...
And maybe you've guessed it...my new miracle system happened because my data
provider was erroneously giving me 10 minute delayed data on the CBOT, and
real time quotes on the CME. Alas.
Of course I got out of the trade as soon as I realized, with a loss equal to
about one month of realtime data, and my vendor gave me a free month worth
of
service to compensate. All in all what I lost (besides my pride!) was only
the best system I've ever stumbled upon. Easy come, easy go...
Larry
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