Discussion in 'Index Futures' started by nitro, Jul 6, 2007.
ES down 72 on 2.5M contracts.
This is forced selling.
Strange dance being played by ES and NQ. Yesterday and the previous day, NQ has had relative "strength" vs ES. Today, now it is ES that has relative "strength" vs NQ.
Don't know what to make of it. Perhaps alternating redemption. Seems somewhat orchestrated to me.
Steady rumor that the FED raided Citadel.
BTW, notice that SPX is now trading at a premium to the DEC SP futures. A rare occurrence.
I no longer agree with this. This changed my mind:
NOTE: We have a size position on in HBC stock and options
Thanks for posting again. I read through first few pages of this thread - and it was awesome!!!
Please post your thoughts daily. I will closely follow.
Thanks for the kind words. I don't really have time to post anymore But on occassion something that I said earlier that was uncompleted and I find a way to complete it I post. If you look through this thread I mention a Futures Magazine article that says the price of gold in Yen is important to look at. That post completes that thought.
Better late than never
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