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Re: tomtomboombang post# 916

Thursday, 02/09/2012 6:20:01 AM

Thursday, February 09, 2012 6:20:01 AM

Post# of 37916
It worked. Now I have a question:

back in the day, I had DOW futures on a screen and noise from the S&P pits. The Dow futures chart was more indicative of where the Market was headed within a short time frame so I watched it at all times. On the other hand, I would be asleep and the yelling from the pits would wake me up.

Today I wouldn't know where to start. Its a global game that never stops and so many exchanges have merged that I don't even know if they still have S&P pits.

In addition to that, they have Level III quotes... and what that is about is beyond me.

Like I said in an earlier post... most traders use options today and do not actually own the underlying shares. We used to call them NAKED when they did that...

Or in my neck of the woods... Necked.

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