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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (29874)	12/2/1999 6:09:00 AM
From: JDinBaltimore	Read Replies (1) of 50167

Hello Ike, Those tight ranges made for a couple nice little trades yesterday. I watch that premium indicator for the s&p mini it's pretty facinating each time the indexes reached you're resistance of 1402 area the prem indicator would spike up like we were going through, then immediatly drop wery low indicating a lot of selling pressure. there is this site allstocks.com that gives "Fair Value" each day, and another, programtrading.com that gives their price levels for program trading based on Fair Value. When these levels are hit you see the premium drop instantly. It's amazing to watch, they seem to be engaging right at you're levels. The nice thing about the premium indicator is that once a level is penetrated you can watch premium to see how far penetration will go before deteriation. That resistance at 1402 SPZ seems tough? Warmest Regards John

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