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<DIV><FONT color=#000000 size=2>Gary:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>It's possible that your quote service missed a
price. The best way to find out is check the official time & sales at
the CME.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>You can do it from their website for yesterday's
trades. <A
href="http://www.cme.com/statistics/ts/";>http://www.cme.com/statistics/ts/</A>
</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Anything prior to that you would need to call
the CME at 1-312-930-1000. Ask for Andre Gibson at Records
Retention. You'll need to fax him a time and sales request -- he won't do
it over the phone.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Good luck!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Mark Morrison</FONT></DIV>
<DIV><FONT size=2>Professional Market Brokerage</FONT></DIV>
<DIV><FONT size=2>mmorrison@xxxxxxxxxx
</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Gary Kramer <<A
href="mailto:gmkramer@xxxxxxxxxxxx";>gmkramer@xxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, February 08, 1999 12:11 PM<BR><B>Subject: </B>Market
fills<BR><BR></DIV></FONT>
<DIV><EM><FONT color=#000000 size=2>On Friday, I placed a market order to
buy a S&P contract and when i got my fill back, I saw that it was 1 tick
higher than where the market had traded over the past 5 minutes. Is
that possible??? I have not checed time and sales but the broker has
no explanation. I know its only a tick, but it gets me wondering what
can really happen with market orders!</FONT></EM></DIV>
<DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
<DIV><EM><FONT size=2>Thanks</FONT></EM></DIV>
<DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
<DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
<DIV><EM><FONT color=#000000 size=2><BR>Gary Kramer<BR>Oak Park, IL
60302<BR></FONT></EM></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Feb 08 11:54:51 1999
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Date: Mon, 08 Feb 1999 11:19:46 -0800
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From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: S&P
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Everyone seems to believe that time premium is the great equalizer. I'll give
away time premium every time in exchange for volatility and price movement. Try
and buy back a short call in a running market and see just how badly you can get
ripped. When you want it back you will pay any price. Fear is a greater money
loser then anything I know of, out side of shear incompetence. Ira.
Bill Bancroft wrote:
> Maybe they are thinking this set up signals at least a consolidation below the
> highs, and at the most, a fall in prices. By selling calls, you have time
> working for you, instead of against you. Also, selling calls on an market
> index is less risky than on a stock, since the market index can not be bought
> out. Just speculation on my part-
>
> Bill Bancroft
>
> Ira wrote:
>
> > If it is going to fall, why sell calls with limited profit and unlimited
> > risk and not buy puts with limited risk and unlimited profit? The geniuses
> > always seem to put we poor traders in harms way. Good trading, Ira.
> >
> > Bill Bancroft wrote:
> >
> > > RTs,
> > >
> > > For those of you familar with Hayward and Connors' patterns, this week
> > > set up an "Undeniable" sell signal (their name, not mine). This set up
> > > is when a market makes a six week high and then closes the week (week
> > > one) below where it opened. For the set-up to be complete, the market
> > > must then trade below the low of week one. Undeniables were set up on
> > > the S&P 500 March Contract, SPY (Spyders), and on the Nasdaq Comp. They
> > > recommend taking advantage of this pattern by selling calls with a
> > > strike price above the six week high.
> > >
> > > As everyone knows by now, the markets failed at the previous high. This
> > > may or may not have serious implications, but a correction starts with
> > > lower highs. On the flip side, no support level has been broken.
> > >
> > > The ADX on the S&P continues to fall, indicating a trading range (no
> > > duh), but more importantly, low ADX levels often signify that the next
> > > move may be a large one.
> > >
> > > Finally, the Nasdaq Comp. has had "3 pushes" up on the daily chart. I
> > > believe this pattern was called "Three Little Indians" by Raschke and
> > > Connors. This market has since pulled back to the 20 pd ema, which
> > > should act as at least short-term support.
> > >
> > > FYI-
> > >
> > > Bill Bancroft
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