Intraday Market Thoughts
Archived IMT (2010.05.06)
by
May 6, 2010 20:17
Dow Jones Industrials Index FELL 1000 POINTS or down 9.4%
and S&P500 Down 8.4% during the post NY Lunch as volatilty surges on what is believed to be AlgoTrading and talk of "fat finger" trades-related errors. CAREFULLY WATCH YOUR ACCOUNTS..ITS TAKING A WHILE FOR BROKERS TO MAKE FILLS.. WATCH YOUR MARGINS. YEN SOARS across the board followed by USD rally but fresh wave of buying in US equities isu helping to stabilize the situation. WE EXPECT SUCH SELLING TO RETURN IN ASIA BECAUSE 9% INTRADAY MOVES NEVER OCCUR WITHOUT CASUALTIES (hedge fund liquidations). Therefore rallies in YEN and USD are EXPECTED TO EMERGE.
Latest IMTs
-
This Gold Level is Important
by Ashraf Laidi | Aug 10, 2026 12:15
-
Trading USDJPY Post Intervention
by Ashraf Laidi | Aug 5, 2026 17:43
-
Gold metric Working so far
by Ashraf Laidi | Aug 3, 2026 12:32
-
4200 Gold & Warsh
by Ashraf Laidi | Jul 31, 2026 11:26
-
Nasdaq pre FOMC
by Ashraf Laidi | Jul 27, 2026 18:06






