Discussion in 'Trading' started by robertstone, Nov 14, 2006.
who knows. barry has been bearish all the way up. hes always looking for things to bolster his negitive bias.
[/i]Today's explosion: $4B emini covering
I've checked the grapevine, and have it on fairly good authority: Today's explosion was caused by a covering (or unwinding of) a 122k emini SPX contracts.
That's a notational value of $4B.
Someone's stop loss got triggered big and ugly . . . [/i]
Can some of you guys "in the know" comment on this? Is he correct?
Interesting. Now that this "smart money" has covered, time for a drop?
Yes, he is correct. How does it matter?
I just added an edit: Is it time for a drop? Just checking opinions.
My systems don't care one way or the other.
Good trading to all.
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