11:16 Spike ?

Discussion in 'Trading' started by Commisso, Jul 1, 2002.

  1. Commisso

    Commisso Guest

    Anybody know what caused the 11:16 spike lower in the NQ???

    It did not feel like "natural" selling...

    TIA and PEACE and good trading,
  2. sammybea


    I was wondering the same thing.. i expected at least a news headline, but saw nothing.
  3. Commisso

    Commisso Guest

    neither did I sammy...

    PEACE and good trading,
  4. Kymar


    coulda been the Afghanistan bombing... hard to say... as I heard it, US hit a suspected bad guy target that may have been a wedding party, many deaths, very ugly...

    but the basic headline HAD been out for a while before then...

    technically there appeared to be a line of intraday support the last few days, going back to the 6-24 and 6-25 lows on the NDX, ca. 1015-18... , are was respected on 6-26 and 6-27, and currently stands as potential double bottom...