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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (44839)	11/28/1999 8:01:00 PM
From: GROUND ZERO™	Read Replies (1) of 94695

Right, but you have to calculate the futures' premium over cash... the premium is about 350 points and the futures closed Friday at about a 250 point discount to cash... therefore, -250 and -450 comes to -700 points discount to cash instead of 350 over cash... this means that if cash were open right now, it would trade down 10.50 lower to catch up (or down) with the futures..... GZ

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