Discussion in 'Trading' started by ChkitOut, Jan 21, 2010.
Thats what I was wondering...that was odd.
I didn't hear anything of note
Philly Fed came in with a surprise... so who is done for the day? I got up late, was taking a whiz, came back to the computer and missed a fifteen point run...
Philly Fed was at 10, 10:20 is when the major dump took place.
I think the OP meant news that just broke at 10:20 not Philly Fed or Lead Indcts
Not me. Looks like the market is clawing its way up that phantom drop.
I'm just glad I wasn't on the wrong side of it, whatever it was
You could see the market turn in anything from oil and the USD to equities. I was also reading some large blocks of trades being dumped on a number of commodity stocks before the broader markets turned.
This is not a news driven event, it's the new dominant trend taking shape after the bull retrace reversed. Since I'm seeing this across all asset classes I'm going to assume this trend is a continuation of the deflationary trend we had between September '08 and March '09.
Sorry guys it was me, accidentally sold 5,000,000 YM contracts instead of 5--my bad.
Either this is a great buying opportunity...
...or we've hit top.
Funny, that's always what the two choices are.
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