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Alsi Futures 13Sept10

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Not applicable
Think todays U.S open (not tennis) will be critical to the direction. See we at a heavy resistance level, unless mkt waiting for 14:30 tomorrow for U.S retail sales numbers. I will hold my longs until open of U.S, unless we start closing GAP before then. Still will stop out at a good 150 pips on ALSI and 10 points on S&P if markets head south. Based on retail sales tomorrow I will go long/short until Thurs jobless claims.... I firmly believe that when looking at holding positions 2 to 5 days you need to trade off news and sentiment and only use long term (daily) chart for overall trend.
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nala
Super Contributor
on what forum do you trade s&p ?
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Not applicable
Global Trader. Spreads are a bit hectic though. Basically NOT for scalping/short term positions.
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SimonPB
Valued Contributor
an we just traded at the high of the day ..
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HateGauteng
Super Contributor
I see a 200 or so point difference between the dec and sept alsi futures. What causes this? Is it poor liquidity of dec contracts?
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SimonPB
Valued Contributor
in part .. but mostly because the future always costs more, typically about 100 points per month until expiry ..
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Not applicable
its the interest calculation on the december futures contract isn't it? But it is moot, because of the sell price, which also takes interest into account.
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SimonPB
Valued Contributor
sure, but if the Top40 went side ways for 3 months, the ALSI futures would loose the 200 points .. it's called basis ..
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grommet
Regular Contributor
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grommet
Regular Contributor
gap still in play ?
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