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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (4399)	11/9/2001 2:58:13 AM
From: Math Junkie	Respond to of 99280

Right. The QQQ closes at 4:15 pm Eastern Time.

To: Steve Lee who wrote (4399)	11/9/2001 4:05:40 AM
From: dwayanu	Respond to of 99280

...QQQ...causing an imbalance if you compare both closing prices ... I recognize that, but I was referring to mismatches between QQQ and NDX during the day, eg NDX up 1.3% and QQQ up 1.8%. I play QQQ options, so I keep a close eye on them. Most of the time, NDX and QQQ are in lockstep during the day within 1 or 2 tenths of a percent, and have a beta to COMPX of around 1.4 (their beta increases in the early days of major COMPX moves up or down). Just lately, though, I've noticed a marked tendency for QQQ to swing away from NDX and then correct itself back over a period of 15 minutes to an hour or two. Some days it does it, some not. Tentatively, QQQ is acting like a mini future while NDX represents the, um, reality <g> of the composite stocks. This is a real shaky interpretation, very subjective. Could be that the investors in QQQ versus the NDX stocks have been having diverging responses to the recent runup extremes. Or, could simply be an artifact of some recent change to the TradeStation data service. I'll post the next couple of times I see it. - Dway