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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (30665)	2/6/2000 10:48:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 50167

Hi John, Icon? That's scary... I'm flattered that I've made such a list, they must have me confused with someone important...<g> as far as the phenomenon of backwardation goes, I don't know if one or two days really makes a difference, we won't know if this is a new trend until it actually continues... frankly, the primary way that such a phenomenon influences my trading decisions is when there is that kind of divergence between the front and later months of the futures contracts at expected turning points... now, we may actually be at a turning point since Friday's high has just about touched the median line of the most recent pitchfork for the March SP's... if this is the case, then we could see a bit of a pull back and I'd watch out for a close below 1420 in the March... that's about the extent of the influence any backwardation has for me... if there's anything significant happening in the markets, a turning pattern would show up on the daily chart with or without the knowledge of backwardation occurring..... Now, I may be minimizing the significance of this particular phenomenon, but I pay little real attention to it other than they way I've just mentioned... if any other poster uses this phenomenon more directly, I hope they could add something more meaningful than what I just offered..... GZ