Hi, Just wanted to find out if anyone started trading the Big Dow contract and what you think of it. Anyone spreading ZB and Big Dow?
It looks like the total volume today was 95 contracts. Seems like the players are waiting for some inducements from CBOT or something. http://www.cbot.com/cbot/pub/page/0,3181,811,00.html
I am going to trade it 1 contract at a time using daily charts for long-term positions. Interesting article in recent magazine (TASC or Active Trader or SFO) about using the DD for long-term entries and YM for intraday trades. Looking into that myself..
I visited CBOT early this year and everybody was so excited about this new contract. Some people were telling me how they going to spread the DD with ZB eventually. This whole pruduct was launched by CBOT so the institutions would start trading it. Like the $5 and $10 Dow contracts are not attractive enough for the institutions. But the catch 22 is that institutions are making their money from the small traders. So the small fish has to come in first so the big fish will throw a net over it ....