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<DIV><FONT size=2>Monitoring both is probably the right advise for your
question. In fact many traders monitor up to a dozen markets on a continual
basis to verify correlation and inverse relationships. Bond traders monitor the
SPooz, and Spooz traders monitor the Bonds. Other watched markets include the
NDX, OEX, SPX, Tick and Trin, Advancing/Declining issues, Put Call Ratios,
Russell 2000 and even the CRB. It comes down to a personal preference as to how
much information you need and can handle. Unfortunately for the CBOT the E-Mini
is proving to be a much more popular security than the DOW and can even be
gotten Real Time from quote.com for free. The T- Bonds can be a good market for
day traders that prefer a less volatile market that has good
liquidity.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Brent</FONT></DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Brendan R Smyth <<A
href="mailto:brsmyth@xxxxxx";>brsmyth@xxxxxx</A>><BR><B>To: </B>RealTraders
Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, January 30, 1999 7:42 AM<BR><B>Subject: </B>Dow Jones Industrials
Futures<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Is it feasible to day trade DJI futures
contracts by monitoring price movement on the actual index with e.g. a 1-minute
bar chart or do you need to monitor price movement on the contract you are
trading?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Anyone with comments or advice
appreciated</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Brendan Smyth</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Jan 30 09:01:32 1999
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From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Dow Jones Industrials Futures
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My post was in regard to scalping a few ticks, which I do not do, but
that is what the question sounded as if it was referring to. The futures
do seem to move first often, but I do all my price analysis on the cash
S&P 500. If I am going to look for a trade of many points, I will give
up the first few ticks and make sure the cash does what it shud do at a
given level too.
Steve Poser
Earl Adamy wrote:
>
> I suppose this is subject to some interpretation, however I'm of the opinion
> that wherever the dog (cash market of s&p stocks) goes, the tail (futures)
> will follow. This is not to say that there is not arbing of cash to futures
> which shows up in the premium differential to fair value and that the
> size/direction of that differential is not, at times, a good indication of
> market direction. Also, one should keep in mind that only a small percentage
> of the pit trades are reported via real-time feed and that those reports lag
> the actual trade by the time required for the pit clerk to manually enter
> the trades.
>
> Earl
>
> -----Original Message-----
> From: swp <swp@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Saturday, January 30, 1999 8:15 AM
> Subject: Re: Dow Jones Industrials Futures
>
> >The futures prices tend to lead the cash market, at least in the S&P
> >500. I assume it is also so in the Dow.
> >
> >Steve Poser
> >--
> >Steven W. Poser, President
> >Poser Global Market Strategies Inc.
> >http://www.poserglobal.com
> >
> >> Brendan R Smyth wrote:
> >>
> >> Is it feasible to day trade DJI futures contracts by monitoring price
> >> movement on the actual index with e.g. a 1-minute bar chart or do you
> >> need to monitor price movement on the contract you are trading?
> >>
> >> Anyone with comments or advice appreciated
> >>
> >> Brendan Smyth
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