I have been noticing an interesting pattern. Everyting GE goes up several bars its during low volume rallies. Then GE will crash during high volume activity. I am seeing it now. GE up from 12.01 to 12.25 but they are low under 600K volume rallies (600K or less volume bars) 1 minute screen. see price dumps again over 800K bar and it goes down. Also what does trading above specialist (NASD) 128 times in 4 seconds mean? does that mean that people are paying more than the specialist did? Now I see trading below specialist (NYSEArca) 16 times in less than one second. several of thes (NASD ) as well price crashing and more of these below specialists (and big red volume bars over 800K) now I see block trade at the bid 20K share (sounds very bearish) very interesting to watch. Level 2 is cool also some guy had a 61,000 order for 11.90's and the ask side had 12's then bam! so fast! 1.6+ million and under 11.84 now I covered. My first short sale I got in at 12.39 covered at 11.80 covered too soon. Oh well. bird in hand worth two in the bush. Maybe not. yup covered two soon. Wow 2+ million. down she goes. I also noticed that watching the options for 12.50 you will see the bids dropping ahead as well. I need to put a TV in my trading room. maybe something happened on CNBC. nothing on the GE streaming news. more block trades at bid, and below specialists then big ass 2+ million volume crash. 11.44 I also recieved unusual number of prints alert. What the heck does that mean? The tape did look wacky for a bit. Wow dow/SPY down big!! I forgot to look at the dow/s&p. So much for the stimulus.
What happened at 11:23 with geitner. Look at the GE chart 11:23 - (12.26) 11:50 - (11.38) Mega volume spikes. Talk about big drops. Did he say specific things starting at 11:23?