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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (112846)	5/25/2000 8:13:00 PM
From: tejek	Respond to of 1571927

Where are you getting these stats? I use: cme.com They give the GLOBEX prices, but nothing on fair value. chic, The stats do not remain constant...they can change from minute to minute. Mani extrapolates fair value from where the futures are. ted

To: chic_hearne who wrote (112846)	5/25/2000 8:25:00 PM
From: Mani1	Respond to of 1571927

Chic re <<Where are you getting these stats? I use: cme.com They give the GLOBEX prices, but nothing on fair value.>> Chic, I use the same sight. "Fair value" is very complicated but if there is enough time left before expiration (like it is now), it is usually near the same number as the futures were when the market closed. So if futures are down X amount after re-opening, the market is predicted to open (next day) X amount down from when it closed. My main point was that futures are trading more than 3% down from cash value. That means the general consensus (or prediction) is that the NASDAQ will be down 3% in the next few weeks. Obviously futures can turn on a dime but that is where they are now. It is worth noting that the S&P futures are trading right at cash value, clearly the market still worried about the NASDAQ and the higher PE stocks. Mani