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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (36056)	4/11/2002 12:11:09 AM
From: UnBelievable	Respond to of 209892

Check out the activity in the Spoo's after they reopened at 4:45. Immediately after trading reopened today at 4:45 the price began to drift down. Between 5:00 and 5:10 600 contracts were traded. This is an incredible volume, particularly for trading outside of RTH. During RTH today between 25 and 50 contacts every 10 minutes usually traded with the highest volume being 75 contracts in a ten minute period. After hours 5 -10 contracts per 10 minute period is the average. Since the significant spike in volume did little except stop the incipient decline it would appear that after RTH there was a groundswell of selling which was met by someone with a very strong interest in not seeing the futures decline. I got the feeling that there was some anticipated news out there that prompted traders to sell and someone was interested in concealing that fact.