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SKC, yes, I haven't seen anything like this throughout the entire 2009. There were big volume days last year and some big moves, but it looked like just a big execution algo going off, not sheer emotion which is what it currently looks like and is what it looked like in 2008.

I didn't and wouldn't short based on that alone. I had quite a few factors of why I thought it was coming off and I actually went short S&P (ES) with quite a bit of leverage for a position trade the night it first came off, but got stopped out by 2 ticks before it went (after they squeezed it following the reports of Wells Fargo, Bank of America etc)! So I can now only catch it through scalping bits and pieces of it.

Seasoned? Not me........yet, maybe in a few more years. But a seasoned trader (the most seasoned I've ever met) did tell me it was going to come off Friday night in the US. I was actually going to PM Broadway after seeing he bought banks and tell him I would hedge it for the night........could have should have would have......

<blockquote data-quote="MRC &amp;amp; Co" data-source="post: 527078" data-attributes="member: 14648">SKC, yes, I haven&#039;t seen anything like this throughout the entire 2009.&nbsp; There were big volume days last year and some big moves, but it looked like just a big execution algo going off, not sheer emotion which is what it currently looks like and is what it looked like in 2008.I didn&#039;t and wouldn&#039;t short based on that alone.&nbsp; I had quite a few factors of why I thought it was coming off and I actually went short S&amp;P (ES) with quite a bit of leverage for a position trade the night it first came off, but got stopped out by 2 ticks before it went (after they squeezed it following the reports of Wells Fargo, Bank of America etc)!&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite4" alt=":mad:" title="Mad&nbsp; &nbsp; :mad:" loading="lazy" data-shortname=":mad:" />&nbsp; So I can now only catch it through scalping bits and pieces of it.Seasoned?&nbsp; Not me........yet, maybe in a few more years.&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite9" alt=":eek:" title="Eek!&nbsp; &nbsp; :eek:" loading="lazy" data-shortname=":eek:" />&nbsp; But a seasoned trader (the most seasoned I&#039;ve ever met) did tell me it was going to come off Friday night in the US.&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink&nbsp; &nbsp; ;)" loading="lazy" data-shortname=";)" />&nbsp; I was actually going to PM Broadway after seeing he bought banks and tell him I would hedge it for the night........could have should have would have......</blockquote>

[QUOTE="MRC & Co, post: 527078, member: 14648"] SKC, yes, I haven't seen anything like this throughout the entire 2009. There were big volume days last year and some big moves, but it looked like just a big execution algo going off, not sheer emotion which is what it currently looks like and is what it looked like in 2008. I didn't and wouldn't short based on that alone. I had quite a few factors of why I thought it was coming off and I actually went short S&P (ES) with quite a bit of leverage for a position trade the night it first came off, but got stopped out by 2 ticks before it went (after they squeezed it following the reports of Wells Fargo, Bank of America etc)! :mad: So I can now only catch it through scalping bits and pieces of it. Seasoned? Not me........yet, maybe in a few more years. :o But a seasoned trader (the most seasoned I've ever met) did tell me it was going to come off Friday night in the US. ;) I was actually going to PM Broadway after seeing he bought banks and tell him I would hedge it for the night........could have should have would have...... [/QUOTE]

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