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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Meade who wrote (25058)	6/10/1999 11:36:00 AM
From: doug-e-mini	Respond to of 44573

That happens quite a bit. Probably the guy bidding 17.50 was not seen by the guy who offered it down to 17.00 so they cancelled the even trade and gave it to the guy bidding half.

To: John Meade who wrote (25058)	6/10/1999 11:38:00 AM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

John,,,do you use Gann Square of Nine tools at all? I know a few guys that use them very well..but I don't have a clue on how to draw those suckers. Can you help?

To: John Meade who wrote (25058)	6/10/1999 11:49:00 AM
From: Patrick Slevin	Respond to of 44573

Well, what Doug says has merit but that's a pretty large move for the Spoo to be off. Plus, I doubt the pits are so democratic that someone would take the time to help out the guy bidding 17.50; I'm damn certain that if I was selling the sucker I would have been filled at 17 and not adjusted to 17.50 but that's a moot point. Trading the spoo means there would be a 5-tick error in the most liquid market on earth. Of course, at this point it would not matter since it eventually dropped below 1316. But my software shows ticks at 17.30, 17.20, 17.10, then 17.00 so if it was just one error as a result of a bad tick then there would not be a string like that. On the other hand, if your order was not MIT you probably would not have ben filled anyway. My only other observation? I expect my desks to argue "for" me, not provide odd explanations. I hope that guy helps you out somewhere else to make up for that one.