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> Similar to Gerald's thoughts, I have always wondered why some ES 1 minute
> charts (a liquid market) can look like he describes, but a less liquid emini
> Dow chart looks much more fluid. Any comments?
The cash SPX index has relatively flat spots (moves less than an ES tick
for several minutes) and the futures follow. The less liquid the futures
market, the easier it is for traders to push the price away from the
fair value based on the cash underlying.
--
Dennis
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