60 point dow ymu5 dip

Discussion in 'Trading' started by chiguy, Jun 24, 2005.

  1. did it happen again...
  2. YM 10306 and the DIA same .. w/ volume ..

    somethings a brewin'
  3. Somebody sold 600 contracts at the market, which took out all the bids from 353 to 314
  4. why the hell would they do that...

    i see 600 deep within 20 cents...:confused:
  5. absolutely ..

    market order makes no sense ... plenty of bids to absorb a lmt.

    again though ...same thing for the DIA ..
  6. Maybe big money knows something we don't...

    Anyway.. I am just amazed that it would only take that many contracts to move 50 or so points on the YM.
  7. And then what they bought them back, I don't know what is going on with this contract but it smells, so I must step to the side lines.
  8. Ebo


    Almost hit my 10300 BID!
    What moron is using market orders on a 600 lot?

    It's either summer help or someone has the other side.
    It smells either way.
  9. when in doubt...bail out...agreed....

    it's a conspiracy...angry non full seat holders trying to ruin the ipo...just kidding..:)
  10. I can understand a large market order eating up supply but yesterday there did not seem to be a large order. Price fell on just a few contracts per price.

    And, how does it skip huge price increments ? Jumping over 30 points per trade at times.

    Attached is the time and sales from today.
    #10     Jun 24, 2005