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Edelina,
In Australia the Cash Market Opens always at the Close of the day before
That is why there is no gap. The same is in the Dow and I guess it must be
in the S&P Cash too..
This is just the way Stock Markets like to advertise - no gaps. They imply
"Invest with us - WE HAVE NO GAPS" which is B/S but they try to give that
impression with that way of Calculating the ranges - and stay away from
futures - they have gaps and are risky.
The Classic in Australia peddled at the ASX Share Day was an "Investment in
Warrants". Warrants have a limited shelve life and you only lose all your
money if they expire worthless!!!
David Hunt
http://www.adest.com.au
-----Original Message-----
From: Edelina <duis.abn@xxxxxxxxx>
To: MRLYNNG@xxxxxxx <MRLYNNG@xxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Thursday, April 01, 1999 8:40 AM
Subject: Re: Gaps
>I will appreciate your research outcome about Gap.
>
>please let me know all about .
>
>is a gap related only to the Opening '
>
>but today all markets are continuous with the globex !
>so what is this gap about ?
>BTW . I observe that only the sp500 futures has a gap. but not the CASH
>sp500
>
>am I am missing something?
>
>thanks.
>
>
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