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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (55659)10/16/1998 8:57:00 AM
From: Electric   of 58727
 
don,

PREM closed 10 points over Fair Value, as per CNBC and quote.com..

So the futures are up over cash, and cash has to catch up, thus the reasoning that the market will open higher...

Think of it as when PREM is higher, the market will be influenced higher, and the reverse, if it closes lower, the influence is downward on the market..

BTW, thanks for the effort, I read your index updates on TT's thread and here, and even though you didnt go golfing with Pat and me, I think you are OK..

later..
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