Limit Down in ES ?!

Quote from maninjapan:

would in a limit down in After hours suggest a larger move down once trading starts? Or a rebound??
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Unless buyers come back before open, expect a nice gap down..........anyone's guess after that.

Stops get tripped, margin calls means more selling - then?

Look at the sellers vs buyers below.

Steve
 

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How can there be 21 contracts sitting on the bid? Shouldn't those get hit instantly?

EDIT: I guess those are below the limit?
 
Quote from Klamath:

How can there be 21 contracts sitting on the bid? Shouldn't those get hit instantly?

EDIT: I guess those are below the limit?
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They are sitting at the bid below the limit down price - so no, that bid cannot hit.
 
Quote from buzzy2:

21 Bid at 855.00. System does not currently allow any trading if price less than limit 855.25.
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Its crazy that anyone would sit on the bid one tick below the lock limit - once the market opens you know its going to shoot down even if just for a moment.
 
Quote from GTS:

Its crazy that anyone would sit on the bid one tick below the lock limit - once the market opens you know its going to shoot down even if just for a moment.
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SHORT covers resting hoping for an immediate open fill. :)
 
Quote from Daal:

does anyone know whats the ratio of yen moves to ES. if you are lucky enough to get filled on the ask at ES you can hedge through yen and pocket the additional gap we should get by the open
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Good point, watch the USDJPY is has been trading in lock step with the Dow. Check out a chart overlay.
 
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