Interesting day, all right. All but two of the day's trades took place in the last 20 minutes. And curiously enough, the largest block of the day, 500k, went out as the last trade on a price that appeared to be a buy, based on comparison with the trades immediately before it, all this according to the T&S Log.
So... capitulation? Obviously, by somebody.
Catastrophe? Maybe, maybe not. Some other somebody was
a) smart,
b) stupid, or
c) drunk enough
to drop $6-large for 36% of the day's entire volume in one trade, ostensibly an uptick, as the curtain came down today.
I think I hear Lewis Carroll laughing hysterically somewhere. |
