ES 8 point drop at 11:22pm?

Trader KGB · Jul 31, 2007

Anyone know what caused that sudden 7 point drop in ES just a few minutes ago? 8k lots in 2 minutes, took it from -11 to -18.75.

Either way, tomorrow does not look good..

stock_trad3r · Jul 31, 2007

glitch

HolyGrail · Jul 31, 2007

probably because most of the asian markets are down

mschey · Jul 31, 2007

Quote from stock_trad3r:

glitch

Glitch my arse....you might be in for a long night ST! Mark Cook's predictions might finally be coming to fruition, which means we've got another 20% down room to go!

Surdo · Jul 31, 2007

How many talking ticker threads do we need, so far we have 4.

HolyGrail · Jul 31, 2007

We have to have at least 5. Someone please start another one.

Longhorns · Jul 31, 2007

Quote from Surdo:

How many talking ticker threads do we need, so far we have 4.

We need 4....just like we needed 4 different "Bears Stearns closes another fund" thread.

ksonsinc · Jul 31, 2007

woh that is something
i think either there are some big player who know something or a bad news is on it way
Something is going on

Eliot Hosewater · Aug 1, 2007

We need a couple more Black Wednesday threads.

If we get more than 5, I'm going long.

Aaron · Aug 1, 2007

Quote from Eliot Hosewater:

We need a couple more Black Wednesday threads.

If we get more than 5, I'm going long.

*laugh* That's what I was thinking. I just took some profits on some long T-notes and short EuroFX and was wondering if I would kick myself in the morning for not taking all my profits, or if I would kick myself in the morning for not letting the whole trade ride. In either case, I'm not looking forward to the morning!

All the "this could get ugly" posts are my kind of buying opportunity, but keep some powder dry -- the market can always get cheaper.