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TraderMark
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Mark's mutual fund is launching December 15, 2011. He is a self taught private investor who operates the website Fund My Mutual Fund (http://fundmymutualfund.com); a daily mix of market, economic, and stock specific commentary. Fascinated by the market since an early age, he discovered mutual... More
My company:
Paladin Funds
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Market Montage
  • Sweet rally in last 15 minutes 8 comments
    May 29, 2009 4:49 PM

    Not sure why they keep the market open anymore between 9:30 and 3:30 PM

    just have the market open from 3:30 to 4PM

    we can get all that action and no drops ever

    I love having my tax dollars buying stocks... go team goverment

    via realmoney.com

     

    The volume in the five-minute bar from 3:55 to 4 p.m. on the S&P e-mini was 252,837 contracts! This is the largest volume spike I have ever seen on a Friday close. Also, the next five-minute bar from 4 to 4:05pm was 146,777 contracts! This is unbelievable. By my calculations, it would take close to $2 billion to move this market in 10 minutes. Who's got that kind of money on a summertime Friday afternoon?

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  •  
    [quote]"This is the largest volume spike I have ever seen on a Friday close."[end quote]

    Now that's quite a statement, and echos what more and more people are saying. As a non professional in the finance / investment world, I find this theory, opinion, suspicion, or what ever it is, to be getting a bit crazy / scary.

    Best Wishes
    29 May 2009, 05:02 PM Reply Like
  •  
    GDP and chicago PMI numbers due tomorrow; any chance this info was leaked and someone is getting in position for monday? if those numbers are good, i say grab our pitchforks and torches
    29 May 2009, 08:00 PM Reply Like
  •  
    uh wisdom vs. information, correct me if I'm wrong but were GDP revision and Chicago PMI released today?
    29 May 2009, 08:50 PM Reply Like
  •  
    Hmm i wonder who might have two BIL lying around somewhere...
    29 May 2009, 08:51 PM Reply Like
  •  
    I think you missed it by 24 hours :)

    Basically you had a listless quiet, range bound early summer Friday turbocharged by the powers that be in a thin market... boo yah.


    On May 29 08:00 PM Wisdom vs. Information wrote:

    > GDP and chicago PMI numbers due tomorrow; any chance this info was
    > leaked and someone is getting in position for monday? if those numbers
    > are good, i say grab our pitchforks and torches
    30 May 2009, 02:21 PM Reply Like
  •  
    jdgee, if you need more info on what happened last Friday just go to the Market ticker blog by Karl Denninger. There are plenty of people who noticed the unblievable spike Friday afternoon. The whole trading world is abuzz seeing such blatant manipultion of the market.
    We will see if SEC investigates it. If not, it means they are in on whatever is going on in the market. This is not normal market behavior by far.
    31 May 2009, 09:07 PM Reply Like
  •  
    ouch. yes big jake & mark, i was elsewhere mentally when i looked at the calender, wrote it down without noticing it had happened; chinese manufacturing numbers makes me wonder, who moved the market? btw, i hope you were listening when i said ldk & stp, and i still say apwr, 16
    1 Jun 2009, 09:44 PM Reply Like
  •  
    Thanks inthemoney
    4 Jun 2009, 05:34 PM Reply Like
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