erroneous trade by Goldman Sachs?
- Thread starter Cdntrader
- Start date
Eurostoxx50
This index made its highs with US markets at 10 AM and started selling off well before Goldman Sachs rumor.
http://www.lbrgroup.com/index.asp?page=DailyCharts&date=2003-08-21
This index made its highs with US markets at 10 AM and started selling off well before Goldman Sachs rumor.
http://www.lbrgroup.com/index.asp?page=DailyCharts&date=2003-08-21
Hardly a trading error.
You know a trading error when you see one because its like almost an uncontrolled cascade that's hard to ride down and participate in because its moving so fast. Almost like a crash except for the fact that it rebounds just as quickly back up.
A 10,000 lot trading error gives you a 200 point spike in the YM and a 20 point drop if it originates in ES. Not the "pathetic" dip we saw.
Anyways, rumor has it that it was GS selling undisguised 250 lots at a time. As in they were selling without even trying to protect their sell orders.
You know a trading error when you see one because its like almost an uncontrolled cascade that's hard to ride down and participate in because its moving so fast. Almost like a crash except for the fact that it rebounds just as quickly back up.
A 10,000 lot trading error gives you a 200 point spike in the YM and a 20 point drop if it originates in ES. Not the "pathetic" dip we saw.
Anyways, rumor has it that it was GS selling undisguised 250 lots at a time. As in they were selling without even trying to protect their sell orders.
As a courtesy to doublea, I request Abhay post Monday's chart. It may provide some hope for doublea who just blew out his acct. today based on a chart that looked like it was created with MS Paint
-FastTrader