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Thank
you very much, Roger. Now of course the question remains as to which price to
use for pivots...
Hello ketayun,
At month
end the CME does what I believe they call a fair
value
closing price. What they do is take the actual
closing price of the
S&P 500 stocks at the 4pm Eastern close and
that is the close for the
cash index. They then ad the
computed expected premium to determing
the posted close. This has the
primary result of ignoring the futures
trading from 4:00 to
4:15.
As for which number to use, I can't help you
there but keep in mind
they do this every month.
Monday, April 3,
2006, 8:30:13 AM, you wrote:
k> The last trade price on Friday was
1307.75 but CME is showing 1303.25. Could
k> someone please explain what
this means and which is correct? Which one
k> should be used for weekly
pivots?
k> Thank you very much,
k> Kate
k>
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k>
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--
Best
regards,
Roger
mailto:mailrs@xxxxxxxxxx
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