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To: Moonray who wrote (15877)	10/29/1998 9:16:00 PM
From: DanZ	Read Replies (1) of 25814

Moonray, The S&P futures are holding up surprisingly well on Globex given that they closed at a premium of 1,057 points. The fair value for the S&P 500 is about 500 points so the futures are trading about 550 points over fair value right now. If things stay like they are, a buy program at the open would cause the DJIA to open 35 to 40 points higher. Only thing is, the futures can move a lot in 5 minutes so morning is an eternity away lol. BTW, for those who don't know, LSI is a component of the S&P 500 and buy and sell programs can move it around a little. Here is a link to some program trading data. programtrading.com

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