Swan Dive

Discussion in 'Index Futures' started by myminitrading, Nov 14, 2007.

  1. Wow, get out of the friggen way.
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  2. What the hell happened at 3:30ET ?

    I step out to brew a pot of coffee and 20 minutes later the ES is down 20 big ones.
  3. We hit an air pocket, bids just vanished, and down we went.
  4. rickf


    Yeah, surprised me, too. The way the ES was trading today I was nervous and while I had my current trade being a short from 1493, I moved my target stop up a bit, got out at 1489, and called it a day.

    Then I saw the plunge from 1492 down to 1473 and am kicking myself either for getting out when I did, or not getting back in on a pure momentum play. Grr.

    Tomorrow is another day....
  5. I'm wondering if these big late moves are usually one player like GS or multiple big players co-ordinating.

    Somebody expended a lot a capital for that and now it's popping up again.

    Anyone know how that works?