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Larry Levin on CNBC


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#1 hpm123

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Posted 14 January 2010 - 09:35 AM

was just commenting on that 220k lot that went off yesterday. Commented largest he's ever seen - was on the buy side - transacted something on the order of a second to execute - see's an up bias from here. Sounds like the pit traders are tuned into that event. I would echo Arb's coomment yestereday as to significance of this level if breached -

#2 HoseB

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Posted 14 January 2010 - 09:39 AM

Was that the ES? I thought max size trade was 2000??
40,000 headmen couldn't make me change my mind....

#3 hpm123

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Posted 14 January 2010 - 09:44 AM

yes HoseB - ES March contract - who knows the logic behind the purchase but interesting that those guys are tuned into it. Would think that's going to be a tough nut to crack and, if cracked..may be of some level of significance... only time will tell -