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Last minute slam in nasdaq was amazing. 20 down to 05 ...in fact I think
that was the closing range with a bounce back up to 22 or so on the bell.
Interestingly the Globex mini nasdaq didn't dip below 20.... a 15 point
spread! The arbs were all gone or asleep I suppose. But if you had stops in
the globex you weren't run this time (don't know if this will be a good
thing come Sunday/Monday).. The market certainly showed a great deal of
weakness to drop so quickly. Does anyone know the particulars... I hear
Goldman selling but no details.
Does this indicate nasdaq weakness to follow??
Regards,
Michael
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