Posted by doctormike on 14th of Jan 2010 at 04:27 pm
I saw the same thing. I really doubt that the volume is all
buying or all selling. I believe that it's in and out with high
speed trading. If that trade does stay in the es system. The future
should either shoot up and shoot down very strongly, and it will
influence s&p cash since people arbitrage between es and
cash.
Posted by foolwise on 14th of Jan 2010 at 04:47 pm
You are correct and that was the exact point I was trying to
make this morning. The market tested that area and bounced nicely
from there. That will be a key level to watch for a while.
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I saw the same thing.
Here is a chart of the volume spike I mentioned.
Posted by doctormike on 14th of Jan 2010 at 04:27 pm
I saw the same thing. I really doubt that the volume is all buying or all selling. I believe that it's in and out with high speed trading. If that trade does stay in the es system. The future should either shoot up and shoot down very strongly, and it will influence s&p cash since people arbitrage between es and cash.
You are correct and that
Posted by foolwise on 14th of Jan 2010 at 04:47 pm
You are correct and that was the exact point I was trying to make this morning. The market tested that area and bounced nicely from there. That will be a key level to watch for a while.