why the big drop in the S&P after hours??

Anyone know why the S&P dropped about 15 points on the e mini between 3:30 and 4 oclock CST?

 

was it the intel conference call? They lowered revunue targets.

 

don't know why, but I went long a small position of NQ @ 1125 just a sec ago... based on a gap play.

 

intel took down revenue and gross margin estimates for 2nd qtr

 

YUP, I did the same at 1125.50

Good luck to YOU!!

 

i'll be holding for a minimum of 20 points

 

i was just curious as to why you guys went long.

 

While the futures market was still open, I was watching Intel after hours a few minutes after the equities market closed and saw no clue. In fact, futures were ticking up ever so slightly. So I started writing my journal. Needless to say, I will never get distracted again until Globex closes for settling. Crap... hindsight is always 20/20. I'm glad that Phoenix guy on the SI thread got something out of it. What a killer trade.

 

i went wrong, I mean long, because of a play i've got, Sleepless Nights. U can find out why i do what i do on my journal with the same title, Sleepless Nights.

 

bronks, I just hope it doesn't go up until after the open.