Discussion in 'Trading' started by Banjo, Jul 25, 2003.
"....sitting in the breakroom playing spades when the selling started...."
Sounds exactly like what happened in the E-mini spike on 7-14.
Though yesterday was a more orderly decline due to the built in delay that pit trading has structured into it.
Perhaps some type of delay needs to be built into the E-mini when the futures exceeds cash by a certain amount to give people time to arb - thus a more orderly market (avoiding stop avalanching).
It is certainly no secret that big players will take out a "crowded" stop level.
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