I never saw volatility like this

Discussion in 'Trading' started by ByLoSellHi, Jan 23, 2008.

  1. I mean, this is unreal.

    From -295 earlier to +225 ???

    In the spate of two hours????

    On NO news?????
  2. There is news out there. Not to mention the very well known 1270-75 level in the SnP cash
  3. :cool: HERDING - gathers moment from other traders
  4. You obviously weren't trading between 1998-2002. These reversals, plus 4%, 5% and even greater up/down days happened back then...

  5. When extended from the moving averages like this it takes no news for wild moves.
  6. Volitility has been dropping like a stone all afternoon, this is just a massive short squeeze.

  7. July 2002

    This time it's much tougher to trade, the whipsaws are brutal due to computerization. 2001 ~ 2002 was easier, tapes are more jagged now.
  8. Volatility like this was almost a daily occurrence from 1998 to 2002. 2004 to summer of 2007 were a sleepy period.

    Definitely crazy action, and a lot of money being transferred here among traders.
  9. Completely agree, austinp.
  10. i would humbly disagree, VIX really only dropped in the 3pm hr
    #10     Jan 23, 2008