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Easy. Buy if it's going to keep going up, sell if it's going to keep
going down.
As W. C. Fields (I think) said, "Only buy stocks that are going to go
up. If they're not going to go up, don't buy them."
Allan
__________________________________
TRaffertu wrote:
>
> In a message dated 98-01-13 17:09:52 EST, allank@xxxxxxxxxxxxxxxx writes:
>
> << Nearby S&P futures contract leads everything (cash is not king). >>
>
> Hi Allan,
>
> This is one of the ironies of life, that the derative leads the
> underlying, but anyone who has ever watched Squawk Box on CNBC knows that when
> futures trade significantly above fair value, buy programs kick in. Same
> thing happens on the down side when they are below fair value with sell
> programs kicking in.
>
> The question is how to trade it?
>
> Ray Raffurty
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