wacky wednesday, page-94

Mr Volt

Been reading your comments for a while now and am impressed with your maturity and obvious understanding of general market behaviour - I find very few people really understand how markets work .... sentiment-wise.

You seem to be a student of history and I wont argue with you coz my case has not been 100% documented.... but....I have always thought that a premium on spi was bullish and vice/vera.....was the first lesson I learnt when spi started trading many years ago: dont buy if it is in discount, dont sell if it is in premium.......in my experience the futures usually got it right...and dont they usually lead the xjo intraday, every day?...

Did the spi/xjo premium change coming into the recent tops in July and Nov last year? I thought so but I didnt document it...