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That is true if the services that report the cash averages do it almost
immediately after the open before any stocks that have opened have
not hit the computer. If no stocks show having opened the cash index
will be unchanged. If one or more stocks open and the price change is
in the computer the cash opening, first print, will reflect that change.
Norman E
David Hunt wrote:
>
> 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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