ES Journal Archive (2009 - 2010)

[Anna K.]

Quote from kinggyppo:

I think it would help you to know that the spx, spy, and emini are all derivatives of the sp500 index which is a basket of 500 stocks. I don't want to insult you as this is confusing and this may help some of the lurkers. The emini future is 1/5th of the big sp contract. I like to think in terms of price per tick, 1000 shares of spy is $10.00 per tick, the big SP which still has active open outcry is $25.00 per tick (not sure about that one) and the emini is $12.50 per tick. I will look for an article on it.

I understand the differences, and I don't want to insult you either, but do you understand my question? did you see my spy chart attachment that shows spy gap is filed? you chart shows spy gap not filled. Do you use some settings?

Again, just to confirm we are talking about SPY exchange traded fund and my chart ticker has SPY in it, so why is it different from yours?

 

[vmaxer]

Quote from Anna K.:

Ok, now even more confused, did you see my firs chart that I've posted of spy? the gap looks totally filled on it, I don't understand why your gap is not filled?

not sure why yours shows the gap fill. Mine shows a gap like the chart posted above. My thought was that SPY paid enough dividends to make up the gap.

 

[Anna K.]

Quote from vmaxer:

not sure why yours shows the gap fill. Mine shows a gap like the chart posted above. My thought was that SPY paid enough dividends to make up the gap.

so may be my chart includes dividend payments? I'll check it

 

[vmaxer]

Quote from Anna K.:

so may be my chart includes dividend payments? I'll check it

I don't think so, your close back in 10/08 is too low.

 

[freehouse]

Quote from Anna K.:

hasn't it fill yet? what am I missing? See chart attached.

Prophet adjusts for all dividends. Thus, using Prophet data, the gap has been filled.

 

[Anna K.]

Quote from vmaxer:

I don't think so, your close back in 10/08 is too low.

yeah, I don't seem to have any special settings on... it's odd. what charts are you using? it must be an issue with prophet charts...

 

[Anna K.]

Quote from freehouse:

Prophet adjusts for all dividends. Thus, using Prophet data, the gap has been filled.

thanks! that's what I thought. Do you know if this is an option that can be turned on and off?

 

[kinggyppo]

this chart shows it as filled, does prophet know something we don't?

 

[freehouse]

Quote from Anna K.:

thanks! that's what I thought. Do you know if this is an option that can be turned on and off?

Use TOS charts. They do not adjust for dividends.

 

[ProfLogic]

Quote from Anna K.:

hasn't it fill yet? what am I missing? See chart attached.

That gap doesn't exist if you are using 24 hours worth of data on the eMini S&P.