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TFC Commodity Trading Forum

Re: Dec Corn/Breakout!
In Response To: Re: Dec Corn/Breakout! *PIC* ()

It might be noteworthy to mention here that 26 pennys of that up move (Thursday) happened in THREE minutes, and 9 more pennys in the next three minutes. And no report to blame. Over 100,000 contracts in 6 minutes. (and after a low volume, 6 penny range 14 hour sleep fest) Possibly (or probably) indicating that the move was manipulated by a single trader or entity. Strange I thought too that it occurred excactly on the half hour (robot?) I was (and am) short with no stop and because of the way it happened figured I'd hold on and see if it didn't correct to the downside on Friday. The trend after all, had been down. It did sell back down 20 pennys (Friday) so maybe I'll be OK. If it takes out Thursdays high I'll probably bail.
Had it SLOWLY traded up all night/day....well that would have been another story.

oh well.....see ya in the poor house TIMWAR