Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 459.86

+0.7%

Jan 16 9:30 AM EST

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To: janski who wrote (18062)	5/21/2002 10:02:21 PM
From: Susan G	Read Replies (1) of 26752

"responding" LOL. It will never cease to amaze me that some mornings our market gaps up on the fact the that there's been a little short covering in Asia or Europe overnight. I've watched it happen, I know exactly what times it does. There are sudden flurries of trades when sometimes there is no activity at all. Sometimes 8 contracts will trade in a hour, but due to liquidity, if there are only 8 contracts on the ask, and they are all 1/4 pt apart, the futures can actually move up 2 pts on 8 contracts. It's take it or leave it, no liquidity at all. Even funnier is when a stop level is triggered, and a tumble of orders hits, sometimes moving 4 or 5 pts until it settles back down and someone jumps in to take advantage of a premium or discount either way. Like Sunday night, when there was almost a 15 or 20 point swing within 5 minutes of their open. It's pretty comical when you think about how these small amount of trades affect the open so heavily, with these gap and craps that some people can lose their ass before 9:45 because of one of these ramp jobs based on the fact the a few guys covered a few hundred contracts in Belgium overnight <G> 10 or 20 times in the past few months, Japan has ramped on the hopes of OUR recovery, which is quite a chuckle. Glad to see they have started hoping for their own!

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