Lunch Hour Drop like Yesterday???

[makloda]

Tomorrow won't bring much clarity but Monday after option players unwind positions we will see a lot clearer. One more big up day with huge volume and close on HOD and I once again see the bulls in the drivers seat.

We undercut recent lows on big volume and end near lows... We're seeing more downside.

Just stay patient and don't get too aggressive before the options smoke clears.

 

[Landis82]

Quote from S2007S:

The whole Global Derivative exposure is not actually known.........

Stephen Roach of Morgan Stanley would disagree with you.
Read his report of last Monday regarding "The Liquidity Paradox"

 

[saxon22]

Quote from saxon22:

Watch this baby ES loose steam in the last 15 minutes. A lot of nervous people saying the hell with it.

I hate to quote myself, but I was partially right. My timing was off, but the sell off that happened after hours was very nice. More than 4 points between 4 and 9 this evening. Very decent move.