From Today's The Big Picture
- Thread starter robertstone
- Start date
who knows. barry has been bearish all the way up. hes always looking for things to bolster his negitive bias.
From Barry:
[/i]Today's explosion: $4B emini covering
I've checked the grapevine, and have it on fairly good authority: Today's explosion was caused by a covering (or unwinding of) a 122k emini SPX contracts.
That's a notational value of $4B.
Someone's stop loss got triggered big and ugly . . . [/i]
Can some of you guys "in the know" comment on this? Is he correct?
Interesting. Now that this "smart money"
has covered, time for a drop?
[/i]Today's explosion: $4B emini covering
I've checked the grapevine, and have it on fairly good authority: Today's explosion was caused by a covering (or unwinding of) a 122k emini SPX contracts.
That's a notational value of $4B.
Someone's stop loss got triggered big and ugly . . . [/i]
Can some of you guys "in the know" comment on this? Is he correct?
Interesting. Now that this "smart money"
has covered, time for a drop?Yes, he is correct. How does it matter?
Thanks.
I just added an edit: Is it time for a drop? Just checking opinions.
My systems don't care one way or the other.
Good trading to all.
