[bertg]

Hi, folks,

Market analysis seems to be the appropriate forum for this.

My question to all of you: what happened today at 1:45pm ET that caused the market to crash? At 1pm ET there were two reports on the calendar: 3- and 6-month bill reports, but the crash started around 1:40-1:45. I didn't see any volume spikes like I see sometimes before a big move.

How can all markets crash like that at the same time?

Thank you,
Bert

[DbPhoenix]

WASHINGTON, May 19 (Reuters) - A few Federal Reserve policy-makers have begun talking openly about the need to raise interest rates, but it appears more likely the U.S. central bank will stay on hold until early 2009. (1:34 EDT) more...

In other words, the Fed may be done lowering rates. You can see what the reaction was, though the recovery off the lows was fairly strong.

[brownsfan019]

The market dropped b/c the charts were screaming a drop was coming.

[Hlm]

Originally Posted by brownsfan019 »

The market dropped b/c the charts were screaming a drop was coming.

Yep, a little birdie told me to look for 1424's on the way down (POC of the up swing) with possible support around 1428-29s (VAH of the up swing). News just acts as the catalyst.

[trader273]

Originally Posted by bertg »

Hi, folks,

Market analysis seems to be the appropriate forum for this.

My question to all of you: what happened today at 1:45pm ET that caused the market to crash? At 1pm ET there were two reports on the calendar: 3- and 6-month bill reports, but the crash started around 1:40-1:45. I didn't see any volume spikes like I see sometimes before a big move.

How can all markets crash like that at the same time?

Thank you,
Bert

Crash??? A 19.25 range in the ES is a crash? Dont think so, nothing out of the ordinary today.

This is a crash:

[Hlm]

Originally Posted by trader273 »

Crash??? A 19.25 range in the ES is a crash? Dont think so, nothing out of the ordinary today.

Exactly, we have at least a few more months before that happens.

[DbPhoenix]

Originally Posted by Hlm »

News just acts as the catalyst.

And a damned fine job it does, too.

[heretodaygone...]

Originally Posted by Hlm »

Yep, a little birdie told me to look for 1424's on the way down (POC of the up swing) with possible support around 1428-29s (VAH of the up swing). News just acts as the catalyst.

Hlm,
what software do you use that you can split vpoc and vvah /vval at swing points? I trade somewhat similar but a little more crudely I suppose. Because es opened above Fridays vah(1423.25) and held it then became todays val. That would make Friday's vpoc(1420.75) an unfair low.1424.25 becomes as you said the vpoc and 1429.25 becomes the vah. Also 1436.75 is now an unfair high.Thats how tomorrow setups for me.