Worth listening to. If anyone has ever been in a pit in a fast market it is something to behold. Probably the craziest day in market history: http://www.zerohedge.com/sites/default/files/Market Crash.mp3
but one question..if i get them specifically to only rout my orders through arca how is this advantageous?
Asia will give an indication if we get hammered here Monday. If Asia looks tame, we likely get some sort of rally Monday. I would buy ES at 5 PM CT on the CME AH open on Sunday night assuming no debacle on the Asia open. The risk is worth it, imo. Be aware that means you probably will be putting in an all nighter, so make it worth it with five+ contracts. The danger points after that is the European open in the middle of the night here. This is only my opinion.
Yep. Even if I had said the Sydney, Australia open at 4:00 PM CT (would have to buy Australian SIFs), it would have been impossible since the market opened at almost the high. The funny thing is that the ES probably has to 1130 to reach "FV", which would appear to give another seven handles of play here, but that is too risky to trade imo.