from David Elliott of WallStreetTeachers.com
Checkout David's chart/indicators.
Saturday, May 8, 2010
Friday, May 7, 2010
What does a crash sound like?
The Thursday May 6th 2010 1000 point drop sounds like this
This is a recording of Ben Lichtenstein from Trader's Audio. The company provides a webcast from the Chicago Mercantile Exchange S&P 500 pit. The E-mini S&P 500 index futures index (ETH June 2010) dropped from about 1160 to 1066.50 that day. Between 1:30 pm and 1:45 pm central time the index dropped from 1130 to 1066.50 - over 60 points! (I consider 10 points a big move). From 1:43 to 1:45 the index dropped 40 points ... in 2 minutes!
The VIX ("fear index")had its biggest gain since 9/2008 hitting. From a low of 24.43 (considered high) to a high of 40.71 settling the day at 34.16. over the past 10 years a rough range from 10 to 20
would be considered normal.
a word about his lingo:
"paper" - institutional trades
"9 even, 97 even" refers to 1099.00 and 1097.00 on the S&P 500 futures
.. more lingo can be understood from Ben's web site.
This is a recording of Ben Lichtenstein from Trader's Audio. The company provides a webcast from the Chicago Mercantile Exchange S&P 500 pit. The E-mini S&P 500 index futures index (ETH June 2010) dropped from about 1160 to 1066.50 that day. Between 1:30 pm and 1:45 pm central time the index dropped from 1130 to 1066.50 - over 60 points! (I consider 10 points a big move). From 1:43 to 1:45 the index dropped 40 points ... in 2 minutes!
The VIX ("fear index")had its biggest gain since 9/2008 hitting. From a low of 24.43 (considered high) to a high of 40.71 settling the day at 34.16. over the past 10 years a rough range from 10 to 20
would be considered normal.
a word about his lingo:
"paper" - institutional trades
"9 even, 97 even" refers to 1099.00 and 1097.00 on the S&P 500 futures
.. more lingo can be understood from Ben's web site.
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