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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: High-Tech East who wrote (63894)12/7/2000 12:16:09 PM
From: jj_  Respond to of 99985
 
High-tech East,
regarding your points;my question is 3 fold regarding: a.)the relativeness of the date on the data[11-28], b.)time frame of expiration on the C.H.'s play, and c.)the agileness of the C.H.'s to reverse their play...
I'm new to the data so probably dumb questions...
thanks



To: High-Tech East who wrote (63894)12/7/2000 3:49:02 PM
From: OX  Respond to of 99985
 
commercial hedges are usually just that: hedgers.
which mean they own the underlying and hedge its movement using futures. there are hedgers who speculate or speculators who register as hedgers... it's never easy to consolidate the activity to one number.
in general, hedgers aren't in it for large price movements in the direction of their trade, but *against* the movement in the opposite direction of their common.

in the long run, the index components determine the index.
but in the short term, index instruments (like SP futures) can and do move the index and the individual components.