what just happened to the NQ

Discussion in 'Index Futures' started by trading_time, Oct 28, 2009.

  1. I have a spike down in a matter of seconds to 1687?????????
  2. jd7419


    looks like a fat finger, no coresponding volume in es. Looks like someone sold 15000 instead of 1500
  3. Is it some kind of stop loss trigger? I hope this guy post something here. Maybe his boss stabbed a big spike in his a** now.:p
  4. nah, it wuz just a pre mon nition.

    ceen it b 4.
  5. Not only that it messes up the chart it will take me one week to clear all the spikes.
  6. plan


    don't think it was fat finger but just bad tick
  7. Guys, might sound a little weird to all of you!
    I assume the spike till 1687 wasn't a fat finger, but was backed up by a lotta of logic. Lets begin it this way -

    Somewhere after the markets started improving after the March 2009, Nasdaq has been outperforming S&P and Dow Jones. I assume the markets improved much more than they actually deserved (i.e. cus the US Govt. printed hell lotta $$ and circulated in the monetary system) - The direct effect of which was seen in the markets. Since the last week, markets have been crashing (only apart from the day when the US GDP was released, markets rose up to 2-2.5%). The very next day they took a fall again. Now this guy with 15k Lots would have had a long position for the Dec contract and must be expecting the markets to correct down to a fair value i.e. 20-25% down the current levels. Nasdaq iscurrently trading at 1670 :).

    Hats off to whoever took that position :)

    I may be wrong, Please correct if anyone out here has better views.
  8. there she goes, does it again.
  9. Schaefer


    Here fixed it for ya!


    #10     Dec 17, 2009