ES Journal - 2013

Quote from failed_trad3r:

LOL the index just printed 1500+.

amazing.

if you look at the price history, we were in a bull market since 2009. How did i miss out on that???:(
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Because along the way we had massive drops...FLASH CRASHES. that kept people away. Remember July 2011 we had a 300 point drop in SP in two weeks. Always remember markets fall twice as fast as they rise. Fear always overrides greed. Tomorrow we may wake up to Israel and Iran at war. Its hard to sit for 4 years and not get shaken out.
 
Quote from Rickshaw Man:

Because along the way we had massive drops...FLASH CRASHES. that kept people away. Remember July 2011 we had a 300 point drop in SP in two weeks. Always remember markets fall twice as fast as they rise. Fear always overrides greed. Tomorrow we may wake up to Israel and Iran at war. Its hard to sit for 4 years and not get shaken out.
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Sorry that was August we flash crashed, and it was 260 points.
 
Quote from gmst:

I have never seen such blatant display of power from a large market participant before :) LOL. The fact that we touched 94 and still the 8k quantity remained on ask and did not vanish suggests that this is real size.

So, why someone wants to sell 8k at this particular price level and not sell it gradually?

Well I have a theory regarding this size.
1) Either someone has sold an exotic option like some KO type of option with strike at 1494/1494.25 and so wants to hedge the resultant exposure.
2) Or, it is some big market participant that was long in the morning and showed such big size so as to attract the bots to this size. We can see that market did a massive run-up in the first 5 minutes and since then it has been only up and up.

So, now we see that 94 has been taken out. :)
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Now find out what took it out, any 100 lots trades, 500, or a bunch of 1-2 lots. Im going to look.
 
Market isn't showing any signs of weakness.. No geopolitical world events to shake it's foundation. Just shows the current players and big players are all buy side oriented. Noone is shorting and the people shorting are being killed by slow progression up.. No downside volatility.
 
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