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

To: IQBAL LATIF who wrote (19053)	7/27/1998 10:15:00 AM
From: Nemer	Read Replies (3) \| Respond to of 50167

Greetings Cousin Ike: After a long absence from posting to , but not an absence of reading from, the Idea thread....... my thanks for your efforts to teach us how to fish. With the unsettling type of market we are currently in and as especially pertains to your previous statement ------> IF SPU REMAINS FIRM AND DOES NOT SHOW WEAKNESS IN NEXT ONE HOUR OR TWO THIS TEST OF LOWS MAY NOT HOLD GOOD FOR TODAY.THINK PITS THINK LOCALS --THINK LIKE THE GUY ON THE FLOOR- I know that most everyone here knows the difference between SPX and SPU ------- the SPX is cash S&P500 and the SPU is closest month (Sept) future S&P500 . The fair value of the difference (called premium) changes daily, as for example , today is 7.35. This is offered to the thread only a small point of observation, not as a lecture ......... my figures for support for the SPX today are ....1120...1129...1132...1140...1143..... all one needs to do to convert this to SPU is add 7.35 ..... In your previous post, you suggest 1136 SPU as support, I found it very close to my SPX of 1129. Again, many thanks for your posting, I find it an invaluable addition to my day. Regards ----- Nemer