Discussion in 'Trading' started by mgabriel01, Jan 31, 2008.
YM dropped 127 points on the 5 minute bar at 3:50
Ya, what the hell was that?
Sorry guys I closed my XLF long :eek: I didn't know it is going to impact market like this. My apologies again...
Same thing that caused the selloff yesterday...
S&P downgrading Mortgages.
Don't forget GOOG and NFP report before open...
In the last few minutes before the close, the SPY was ticking back and forth more than a dollar. I'll bet plenty got some horrible fills with any market orders.
This is only the beginning of what is yet to come. Illiquid, erratic markets. This "thinned out" market simply cannot absorb real selling, the likes of which we haven't seen in many years.
why would the market be "thinned out"?
I'm sure there are a lot of folks on the sidelines until this sorts itself out.
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