[brownsfan019]

I think the ES just limited up...

HOLY SH*T BATMAN.

Don't even remember when I saw that last...

[brownsfan019]

Nice daily:

[brownsfan019]

Wow...

[brownsfan019]

This does not happen often, watch the open if you are by your dom!!!

Watch the RTH open here shortly.

[brownsfan019]

Inevitably someone will ask what happened. Just direct them to this thread.

[james_gsx]

So... we opened, then sold off? I was at work the entire time watching from my blackberry



Look at that weekly high wave candle and HUGE volume. Throw on a weekly chart and compress it as many years as you can go back, it's unreal! Gotta love manufactured bottoms

[brownsfan019]

That's what happened James. The market opened at 930 and there was a big run up that did not last long and then came down swiftly. I can only imagine what it was like holding through that. First, your dom just stops taking orders. Then, you sit there wondering... And then at 930 it's off to the races.

It was very interesting to watch as this does not happen often. Some pretty significant news event would need to occur to see this again.

Very worthwhile being in front of the computer this morning to watch this in action as it unfolded.

[smwinc]

Yes, limit up into the open.

I had so little sleep this past week. The news came out in the Asian session. Before you know it you're trading Asia, then Europe, then US, then Asia opens again . . .

The move in the ES was nothing compared to other markets. Shanghai nearly hit limit, almost made 10%. Hang Seng rallied over 2,000 points.

The fed isn't protecting investors, or the public. They are just throwing money hand over fist into day trader's hands.

Edit: I must admit, it never ceases to amaze me the levels to which the US Government goes to, to absolutely rip apart the US investing public. Nearly all of these announcements have been done outside the day-session of the US market. Imagine being a fund with a weekly / monthly outlook. It would be fairly difficult.

Friday was a great example. Asian traders have benefited most from these moves. US day-session opened, they took profit and that was basically the end of it.