ES Journal - 2013

Quote from Rickshaw Man:

Now find out what took it out, any 100 lots trades, 500, or a bunch of 1-2 lots. Im going to look.

Yes, I will also look at this post close.
 
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. :)
think like a whale,that's a small part of your daily http://wiki.answers.com/Q/What_is_the_daily_food_consumption_of_a_humpback_whale
 
1) buy from retail/ small funds hedge funds outside the inner circle. Accumulate a position.
2) algo take price up using size
3) sell to another party within the inner circle.
4) book profit on that quantity.
5) if you deviate price enough, the small players will 'uncle'.

Institutions buy and sell from each taking price in a direction that they choose and opposite to retail orders.
 
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. :)


gs spoofing or pit hedging
 
Calculate how many trillions in value was created raising indices to current levels.. And what was actually used to bring prices to this level.. All out of thin air.
 
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