What Was THAT? (Friday Market Close) ~ Karl Denninger 5/29/2009

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What Was THAT? (Friday Market Close)

Karl Denninger Blog

Friday, May 29. 2009

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.

Article continues with chart: http://market-ticker.denninger.net/a...ket-Close.html