I would tend to agree BCE -- but should note, we are in new territory here with the AAA downgrade. Market has not ever reacted to something like this before.
Wish I could say I was still short 200 ticks ago ;-) ET seems to have died earlier so juts now updating. Took about 4 trades on the way down, shorting just keeps working, I'm taking 15-20 each time. Even now 20 mins after pit close just got a nice 20 ticker. This market is freefalling.
Good point re: treasuries. But it's safe to say with a 200 point drop in the s&p since last Monday, investors aren't exactly thrilled about the condition of the US economy.
Very cool stuff there--I will have to look into and see if we have anything similar here where I live.
Lost my internet just as it went +20 ticks and ATM put stop at BE, and instead of capturing some, my stop was hit. Seriously, I'm switching internet asap.
After that last trade had a loss short .98 (at 12:50) out .12, then reversed long .21 out .49, then got a sandwich, then shorted .34 (1:13) out .21 .. now just looking at what's what, and trying to be smart about my trade selection.
Shorted .15, out .06 ... friggin slow internet cost me moving my target to .95 quickly enough
Do any of you guys have a redundant internet setup? Perhaps just one that works for me would be good. I have Charter .. terrible.
Will short .46
ADD filled .45 need buyer at .40 to bail though
ADD out .44 -- too much range, not a good time of day for it to break down I suppose, though it may still try.