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<DIV><FONT size=3>I understand that the Premium number that is reported is the
difference between the current futures contract and the cash value of the
S&P 500 index. Recently CNBC has been talking abou the Fair Value
number. Can someone explain what this is and how
calculated?</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Jan 29 07:11:43 1999
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From: r slupsky <zzorro@xxxxxxxxxxxxx>
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Subject: Re: What is Fair Value
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<p>"Lee Clayton, D.D.S." wrote:
<blockquote TYPE=CITE><style></style>
<i><font size=+0>I understand that
the Premium number that is reported is the difference between the current
futures contract and the cash value of the S&P 500 index. Recently
CNBC has been talking abou the Fair Value number. Can someone explain
what this is and how calculated?</font></i>
<br><i><font size=+0></font></i>
<br><font size=+0></font> <font size=+0></font>
<p><font size=+0>The answer was in your question. Go to CNBC and
they will explain it all.</font>
<br><font size=+0>http://www.cnbc.com/moreinfo/0325_fairvalue.html</font>
<br><font size=+0></font> <font size=+0></font>
<p><font size=+0>ramon</font></blockquote>
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</x-html>From ???@??? Fri Jan 29 07:11:41 1999
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From: Bill Bancroft <bbancroft@xxxxxxxxx>
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Subject: Turtle Soup +1
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RTs,
For those of you familiar with Linda Bradford Raschke and Larry Connors'
book, Street Smarts, I would like to point out a potential low risk
trade.
The Nasdaq made a 20 day high on 1/20/99 at 2474.38. Yesterday's close
was 2477.47--a new 20 day high (it has also been 4 days since the old 20
day high was set). If the Nasdaq trades below the old 20 day high
(2474.38), a Turtle Soup +1 sell signal will be given. Although they do
not recommend where to put a protective stop for this trade, a logical
place would be at this morning's high (the thinking being, if it is a
true reversal, it should not trade at this level).
This pattern is based on the fact that many "breakouts" are indeed,
"fakeouts". This is not a trade recommendation---just an observation.
Bill Bancroft
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