Nothing wrong with Yahoo... did u know that there INDEX prices are "live"... set your your browser on 1 second refresh and they match my data feed..... a gift, better stilll feed it into excel and you can get 5 min bar charting free... nothing wrong with yahoo..
For the more adventurous, : how about this... someone entered a stop order to sell a massive amount (mistakenly added a few 0's) of contracts if the market hit some deep low. The stop order was seen or "smelled", and those B*stards on the pit floor know where the big stop orders are , dont let...
Biq Question... can u see that initial seller of 5000-15000 in the SnP coming back in and buying them back at the low?.... so his Dow minis have been busted.. therefore we can almost calculate the profit made from here
I dont trade mini Dow futures, mainly euro indexes and occasionally the SnP, but what would the effect be of placing 100 contracts to sell AT market.. is there or was there sufficient depth on the dow at the time.?...certainly selling 100 contracts near the close in the euro indexes with no...
I hear what your saying, this indeed has been "tried" before on a thin day in the bond markets over xmas, but failed with massive fatal consequences for the market maker. With volume thin in the Dow minis this would be the perfect time to do it.... I'm growing suspicious.... I would have been...
I was trading futures at the time and was dumfounded by the move ,and somewhat hesitant to dive for the mouse., But did any one pile into long stock positions if they followed the move with some arbitrage via the index futures... did the price move on those stocks as the arb models moved in ...
this is official : from CBOT
The CBOT are currently investigating the low in the mini $5 DOW. They will
establish which trades are to stand and calculate a 'new' low' shortly, we
will advise which trades are to be busted.
:eek:
I tried to sell FTSE futures coz It didnt move with the spike... couldn't get filled.... looks like it hoovered up all the bids... somebodys in for a nice weekend!
Massive spike down ! .... dunno.... perhaps someone put a sell at market with a shit load of contracts by mistake, then again could be bad data, I got dow hittin 8990 & SnP 979
I have a huge board above my screens, every time I stray from "the path" and consequently get whacked, I write down a few expletives... it is fairly full, and I read it before clickin the mouse. This seems the only thing that works for me, makin the same mistakes again and again is a painfull...
This brings back some memories, I was also short when that "nasty little surprise" came, I lost about a tenth of yours, which to me was a nice little sports car, within minutes.
What a time to do it, markets were thin which made things even more painfull.
All these stories are great...
Nice one, how any one can think they can beat the guys in the pits, when they can "smell" your stops, amazes me. I'd stick to purely electronic exchanges where they can't keep shaking the trees until you fall out. Go Dax and EuroStoxx and go large.:cool:
Whether you've had a good week, and now your complacent, or you've had a bad week and your desperate, Fridays have a habit of wiping out the other 4 days gains or doubling the other 4 days losses and hammering that final nail in the coffin.
In a bizarre superstitious way I sit on my hands on...