that does not explain why it went up first, then down hard. Furthermore the single downticks where all on volume <10k so I don't know why he did not a little more research before posting something that is obviously not true.
I'm not sure what the single trade size limit is in ES, but I'm sure it is less than 60,000. So if someone actually wanted to move that kind of size, they would have to break the order up into smaller chunks. Therefore you would not see a single trade for anywhere near 60,000 ES.
To GLOBEX traders: Mon Jan 14 03:34:47 2008 EST GLOBEX has ruled to bust a number of trades which occurred between 01:01 and 01:05 Chicago time in the ranges specified below for each contract: ESH8 - executions above 14,220 and below 13,980 SPH8 - execution below 13,980 NQH8, NDH8 - executions below 19,060 ZDH8, YMH8, DDH8 - executions below 12,550 EMDH8 - executions below 79,350 NQM8 - executions below 1,922 ER2H8 - executions below 70,230 We shall be removing any such executions from your account shortly.
I can understand it if there were a computer glitch...but if there were actual trades ( like I had standing)......
They must have a night crew..Has to be lower managment people. They must look at their own account to "help" make that decision. Would not be surprised if they see who did it and why, and if it is a big house they "fix it"