xjo weekend zoomba lounge, page-185

the S&P fut and the bond fut are moving in opposite directions at the moment.

SEP bonds was limit down on thursday and the SEP S&P had a big move up.

on friday SEP bonds were up 1.27%, and the SEP S&P was up 0.73% (and not down as one might expect).

well i'd back the opinion of bond traders over S&P traders any day of the week.

... so sold a third size position of SEP S&P. i think the max this contract can now go is about 1215, and certainly not 1250/1260.

this month, the S&P has been weaker than the SPI. so i'll be shorting the S&P, and not the SPI.