ES Plunges By 2 Standard Deviations In 5 Minutes [NotSoBreakingPrice] - MarketTicker Forums


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User Info	ES Plunges By 2 Standard Deviations In 5 Minutes in forum [NotSoBreakingPrice]
Throxxofvron Posts: 10324 Incept: 2009-02-17 Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off	http://www.zerohedge.com/news/mini-flash.... Quote: Mini Flash Crash? ES Plunges By 2 Standard Deviations In 5 Minutes Submitted by Tyler Durden on 11/23/2011 17:27 -0500 The last 5 minutes of today's somewhat tempestuous day saw a rather dramatic plunge in ES on very heavy volume which could easily be flash-crash-worthy in its description. Having tested VWAP a number of times during the day and been unable to make any progress above it (suggesting program selling was active), the final desperate straw broke the camel's back into the close as ES dropped 1% in less than 5 minutes as volume dwarfed the rest of the day with machines fighting each other to exit at a reasonable price. Furthermore, the drop in ES was very much standalone as other risk assets did not correlate instantly and only started to drop after a delay led by equities plunge. ES is holding these losses after-hours at a steady 1160. Where's Waddell & Reed when we need them? Look at the VOLUME on this dump!!!! OUCH ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell Last modified: 2011-11-23 18:41:20 by throxxofvron 2011-11-23 18:40:27 Permalink
Jeffrey_thomason Posts: 7082 Incept: 2009-03-11	"GET ME OUT! Because who knows what's going to blow up over the holiday." ---------- When they turn the pages of history, when these days have passed long ago. Will they read of us with sadness for the seeds that we let grow? 2011-11-23 18:57:04 Permalink
Ishmael Posts: 4731 Incept: 2008-02-25 Los Angeles to Oklahoma, at least temporarily for now!	I saw that last few minute move. I thought the day was over and was working on something else and thought what the bloody hell when I looked at the candles. ---------- Hope is neither a good strategy or birth control methodology! 2011-11-23 19:32:37 Permalink
Swampogre Posts: 58 Incept: 2011-09-10 Leave the gun. Take the cannoli.	Looked perfectly normal to me. This kind of thing happens all the time in less liquid things like, say, GDX, the etf for gold miners. You can pretty much tell what's going to happen on the market close by the day's action, and today's action was mostly stuck between "get out at any price" and "ramp it up to suck 'em in". At EOD, facing a possible vicious gap Friday morning, the first, which of course is The Fear, dominates over the 2nd. Besides which, who's around to get sucked in at EOD before a major holiday? The pros. And they ain't gettin' sucked in. 2011-11-23 20:16:19 Permalink
Nanna Posts: 5662 Incept: 2008-01-20 NY State	aka hit the bid ---------- "There are fluctuations in the market that don't mean anything."Ira Gluskin, February 14, 2012 2011-11-23 20:55:34 Permalink
Antone Posts: 7663 Incept: 2008-02-03 Seditionia, USSA	Sounds like investment advice to me, Nanna. ---------- As if anything has changed: Wir sind gefickt. 2011-11-23 20:57:14 From PDA Permalink