a question about NASDAQ futures - Democratic Underground

xray s

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Thu Mar-11-04 09:32 PM
Original message

a question about NASDAQ futures

I have noticed that NASDAQ futures three months out have consistently been lower than daily closings. For example, June NASDAQ futures are trading around 1400, well below todays close of 1964.

Are NASDAQ futures related to the NASDAQ index that is quoted every day? (that's what I always thought). If it is, has the NASDAQ futures market been signaling another big drop for quite a while?

Thanks to anyone who can clear this up for me.

http://money.cnn.com/markets/morning_call/

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historian

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Thu Mar-11-04 09:33 PM
Response to Original message

1. futures are usually an indication

of further market trends as far as i know.

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xray s

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Thu Mar-11-04 09:38 PM
Response to Reply #1

2. The strange thing is the big gap

The DOW and S&P future markets trade pretty close to todays closing.

But the NASDAQ is way way off its futures price.

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orwell

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Thu Mar-11-04 09:44 PM
Response to Original message

3. Naz 100

You might be confusing the Nasdaq Composite with the Nasdaq 100. The 100 closed at 1402.2 today.

O

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xray s

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Thu Mar-11-04 09:45 PM
Response to Reply #3

4. so they are different

thanks

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samir

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Thu Mar-11-04 09:46 PM
Response to Reply #3

6. And I might be 30 seconds too slow... (n/t)

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samir

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Thu Mar-11-04 09:45 PM
Response to Original message

5. The NASDAQ futures...

are NASDAQ 100 futures, not NASDAQ Composite futures.

The NASDAQ 100 index closed at 1402.20 today.

http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stm

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