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Strategies & Market Trends : Classic TA Workplace
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To: steve from ihub who wrote (68960)3/19/2003 9:06:03 AM
From: Paul Shread  Read Replies (2) of 209892
 
Did the futures just drop suddenly, or am I seeing bad data?

Here's some fun info from a futures arbitrage trader I know:

"It appears that the futures have risen 100 points on about 35 contracts/12 trades since about 6:00 NYT, 60 points on one trade. There are virtually no sellers, and the "margin" cost of the deal was about $550,000. How much value did they add to the DJIA for that price?"

That message was just after 8 a.m.
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