Any news? Market just spiked up a lot.

El OchoCinco · Feb 20, 2008

Quote from Cocaine:

This was the catalyst, how often do you see someone sweep the book with a decently large buy mkt order then bid the plus with 2k+ shares and doesnt walk (especially in a quiet market prior)? I dont know why he came in at this time, only that this event started the rally. Maybe he bought more after that? Or maybe others jumped in and carried the mkt higher. who knows, all I can say is this started the rally, plain and simple.

My job is not to ask why but to see whats happening, understand the circumstances and make profitable trades. As you know OC, its about spotting clues and making good trades.
More...

I bet it was MLB trading to take the heat off its steroid investigation.

pumpanddumper · Feb 20, 2008

Which now means a full 180 will be complted...lol

Cocaine · Feb 20, 2008

again, makes no difference who it was, just that it happened

Quote from optioncoach:

I bet it was MLB trading to take the heat off its steroid investigation.
More...

Steve Tvardek · Feb 20, 2008

Shhhhhh....

Quote from Cocaine:

This was the catalyst, how often do you see someone sweep the book with a decently large buy mkt order then bid the plus with 2k+ ES lots and doesnt walk (especially in a quiet market prior)? I dont know why he came in at this time, only that this event started the rally. Maybe he bought more after that? Or maybe others jumped in and carried the mkt higher. who knows, all I can say is this started the rally, plain and simple.

More...

PAPA ROACH · Feb 20, 2008

I hear it was Hillary Clinton trying to re-coupe the $5 mill she loaned to her campaign.

ElCubano · Feb 20, 2008

Quote from optioncoach:

That does not explain it really, just shows the volume that came in to move it higher. Still begs the question why at 12:00 PM would size come in to move it like that except to simply drag some sheep and then kill it down after lunch.

Here is my bold statement... fade this rally as we find 1338 again on ES before the close.
More...

so far so good...

Cocaine · Feb 20, 2008

I was feeling generous, doesnt happen often though.

Quote from Steve Tvardek:

Shhhhhh....
More...

Cocaine · Feb 20, 2008

youtube is great isnt it, so much good free music

Quote from Samadhi:

Just stating what you say. Be it obvious to the pro in hindsight.

BTW,Cocaine good renditions by Clapton at Harrisons tribute on You tube. No slow hand there.
More...

donnap · Feb 20, 2008

Quote from Cocaine:

youtube is great isnt it, so much good free music
More...

You don't lie, Cocaine.

bespoke · Feb 20, 2008

*sigh* it's because they knew I went short at 11:59 and had gone to take a bathroom break