Discussion in 'Trading' started by trade4succes, Jun 24, 2005.
Did anyone happen to watch the QQQQ during 15:14 - 15:17 today? what went on there?
Pardon me for not getting any more noise than 5 minutes candles;
last hour of CST[chicago or central time],
2;10,[and 50 minutes to close,] sellers spike of 27 million,, didnt go down much but opened $ 36. 98, closed 5 minutes later $36.97.
Probably small short covering rally, and many dont want to go home short plus last hour is prime time for long swing/position enrty.
If you look at a 50tickchart or something, it doesn't look like it.. Market stays in 1 cent range, with huge volume traded..
almost 100 000 000 shares traded within 1 min 30 sec, but there was no change in price. Looks like the PPT was preventing the free fall
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