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To: Craig Schilling who wrote (62646)8/31/1998 5:27:00 PM
From: SecularBull  Respond to of 176387
 
Craig, you're right, and I understand your point. I was quoting the futures number without taking into account fair value.

LoD



To: Craig Schilling who wrote (62646)8/31/1998 5:28:00 PM
From: Lee  Respond to of 176387
 
Craig,..RE:<<Fair Value>>

Globex is fairly thinly traded in the S&Ps, I think last week they reported one evening 9000 trades which was more than usual so the Globex numbers can vary over a wide range and not be indicative of regular trading hours operation. Fair value is defined as follows.

programtrading.com

Regards,

Lee


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