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Strategies & Market Trends : Predicting news and runs for big % gains -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (536)	10/10/1999 3:06:00 AM
From: Berry Picker	Read Replies (1) \| Respond to of 2182

I will yak later.. For me it is now the Sabbath !!! Been talking on the new thread " Jesus" That is why I am even on the net. Hate to spend the 8th (OR 1ST ) day on matters about CASH !! Catch you later. Like your thread !

To: scouser who wrote (536)	10/11/1999 1:12:00 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 2182

S&P from "The Electronic Day Trader" Friedfertig and West. "The best indicator of market direction is the S&P 500 futures. This index represents a broad base of stocks (500) in a wide variety of industries. The index is the most widely used gauge to measure money managers' performance. In addition to stocks, there are actively traded futures contracts on the S$P 500, and they are extremely liquid." "Futures are leading indicators. On the other hand, cash indexes, such as the Dow Jones Industrial Average, the Philadelphia Semi-Conductor Index, and the OEX (S&P 100) are lagging indicators." "There is a reason why the S&P 500 futures leads the market, rather than lags it. The S&P 500 futures is the most efficient and effective way for money managers to put money to work. After the money managers' bullish, or bearish sentiment is reflected in the futures market, the arbitrageurs sell the overvalued assets and buy the undervalued assets. This forces the stocks to reflect the additional funds put to work in the futures market." It's a great leading indicator for listed stocks and the Nasdaq, and general direction of the broad markets, but personally, I don't think it means diddley for at least 99.9% of the BB's.