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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Mary A Young who wrote (5033)	9/30/1998 9:55:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

This may help in understanding fair value and the PREM. Maybe not, ...but here it is anyway. programtrading.com programtrading.com -Scott

To: Mary A Young who wrote (5033)	10/1/1998 8:15:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I'm lost, Mary. Are you addressing me or Scott? The last 15 minutes of the day shows a rise in the Cash from 15.74 to as high as 18.02 before closing at 17.06 so that would account for the rise in TICK, I would think. The sells predicted for the end of the day did not do much, it seems, in terms of the Futures. They closed a bit higher at 4:15 than they were when Cash closed at 4. But your supposition per short-covering has merit, in my opinion. Many are reluctant to hold a position overnight and so that could have accounted for the late, although minor, rally that would have resulted in a rebound in TICK. I don't have that program up as of this moment and can't judge it. The machine that I keep up all night does not track TICK on an intraday basis. <I have trouble understanding the PREM > What trouble is that?