The big moves have been AH lately. Looks like the stops got run to the downside. Have you ever seen the stats for the downside versus upside risk in the AH ES market? Facevalue would suggest 2 or 3:1 downside risk but I do not know the stats.
Cisco just announced they are firing 10k people....don't know if maybe that caused a few extra sellers....
Cisco announced that yesterday. Order imbalance into the close? Asia's down. My guess is it makes sense to go down. Any old buyers who didn't sell and new buyers will be trapped if they didn't already sell.
https://twitter.com/#!/zerohedge/status/90601480561762304 LAGARDE: IMF HASN'T YET DISCUSSED NEW GREEK AID DETAILS WITH EU, NOTHING SHOULD BE TAKEN FOR GRANTED' ON GREECE