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05-31-2009 01:30 AM |
What Was THAT? (Friday Market Close) ~ Karl Denninger 5/29/2009
What Was THAT? (Friday Market Close)
Karl Denninger Blog
Friday, May 29. 2009
Quote:
Friday's close was "interesting", to put it mildly.
Here's a chart of Friday's price action in the /ES, the S&P 500 "Electronic" Futures:
SEE CHART at LINK
Notice the huge volume spike (the blue underlay) on the chart at the close.
There were 146,083 contracts traded in that one-minute period between 14:59 and 15:00 (Central); the next minute, when the real dislocation hit, traded 91,774 - after the cash market bell had rung.
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Article continues with chart: http://market-ticker.denninger.net/a...ket-Close.html
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