May

7

A while back the NYSE had a glitch where trades got held up in a bottleneck due to software malfunctioning — I am sure someone knows the exact date. I was watching the screen and saw the amazing drop when the software was rebooted and the trades that were hung up all executed. It was like a wall of water. The explanation for that event made sense because it seemed to happen that way. Yesterday was different, it was just wave after wave coming through. Nothing seemed unnatural except the overall size of the drop and that it seemed to be happening much faster in terms or recent drops. We have computers just doing what they do and flashing faster and faster orders than ever before. Were program buys at the 50 week MA (Chart -  S&P Futures) the lucky ticket to turn it around? The NYSE should check out those collars and revamp for today's technology.

Fat finger? No way. Colonel Mustard in the dining room with a candlestick seems more believable.


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