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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: Dave Markley who wrote (2082)12/22/1999 12:49:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 7434
 
<understanding is that we can still only get tick vol >

Really? Well I may be mis-informed. Check FILE|NEW|TIME AND SALES on your QCharts. Set it for the ES contract.

Now do it again for the spoo.

Then hit TIME&SALES|FILTER and change Volume to 10 on the ES T&S. See how it continues to show 10 lots and higher?

Now do the same on the Spoo. It stops running trades. Even try setting the spoo filter to 2 contracts. Nothing goes by.

Now look at the time on the ES Contracts. If that is ticks then the Mini is more than 5 times as liquid as the spoo and according to TASC......last time I looked....it isn't.

Of course, if I'm looking at ticks after all, the flaw in my logic could be that the spoo is trading ten, 50, 100 lots while the mini is trading 1 and 2 lots.

I dunno, I'm not convinced. I think I am persuaded to believe that the Mini is showing Volume and the spoo is not.

<(trin, tick, upvol, dnvol)>

Never thought about that, I wonder if there is a way to design a program to extract that data real time. I wish I had the time to look at that, but I cannot.

Where do you attach that squawk, to a speaker off the machine? Perhaps I'll try it. Thanks for the link. As far as monotonous goes, I know exactly what you mean....CNBC drives me nuts with monotonous banter. But when I have it on it just drifts into background noise. I notice I pick up on it when I hear something that may be important to me. Perhaps the same mental filter may be developed with squawk. I'll give it some thought.

I'll e-mail the dude and get some info on it. I'm a bit of a Luddite, though. It may take awhile to actually pursue it.