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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: j g cordes who wrote (10171)12/13/1998 11:12:00 AM
From: Patrick Slevin  Read Replies (1) of 44573
 
I see a lot of talk on the threads about Oil but it's out of my field.

I am quite certain where the spread was when you were looking and whether it's changed, but at any given moment the spoo spread looks odd.....I normally use market orders and my fills are usually nowhere near the posted bid and ask. The reason, I think, is that the market gets too fast for the reporters to keep up with.

I never believe the bid and offer. Perhaps the DJ is the same story. After all, it's an open outcry so the reporters may not have a good handle all the time.

It's a relatively safer environment than the spoo; point moves equal 10 bucks. So a 100 point move is only a thousand dollars. Now, you may not get rich but you won't get poor, either. So it could be a vehicle for a position trade or a vehicle for a trade on those days when one is less confident, or days like we may have this week. A week of some political uncertainty and Triple Witch to boot.

I just realized, you may be talking about the Diamonds and I'm talking about the "doos" or whatever the DJ Futures are called.
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