10 replies to this topic

[zedor]

Either someone fears an imminent war or someone pushed the wrong button.



Does not look right to do both up and down so fast.

This is a 1 minute all sessions chart

Edited by zedor, 27 March 2007 - 04:35 PM.

[Russ]

Bush is threatening Iran to release the 15 British sailors. I think it a given that those sailors will be released. Question is whether US forces go after Iran down the line?

[zedor]

Bush is threatening Iran to release the 15 British sailors. I think it a given that those sailors will be released. Question is whether US forces go after Iran down the line?

Like it or not whether that war happens or not will determine where the stock market goes.



But that one minute chart is still wild and I question what it is or what prompted that.

[nimblebear]

Here's what happened from CNN Oil spikes $5 on rumors of Iran attack After-hours contract jumps 8 percent on rumors that Iran fired on U.S. warships; navy denies story, crude falls from highs. March 27 2007: 5:47 PM EDT NEW YORK (CNNMoney.com) -- U.S. crude futures spiked over $5 a barrel in electronic trading late Tuesday on rumors that Iran fired on U.S. Navy warships. Crude gave up most of those gains after the U.S. Navy and White House denied reports of a confrontation, according to one trader. U.S. light crude for May delivery jumped $5.18, or about 8 percent, to $68.91 a barrel in electronic trading before settling back down to $64.03, about a dollar above Tuesday's closing price on the New York Mercantile Exchange. "This just illustrates how this market is on tender hooks regarding the situation in the Gulf," said Andy Lebow, a broker at Man Financial in New York. (My straights of Hormuz picture in earlier post - who would have thought something like this triggers so soon ?)

[PorkLoin]

"This just illustrates how this market is on tender hooks regarding the situation in the Gulf," said Andy Lebow, a broker at Man Financial in New York.

Andy, Andy.. "On tenterhooks."

[bobalou]

if you want to go long,the qid is up an extra .50 from close

[ed rader]

"This just illustrates how this market is on tender hooks regarding the situation in the Gulf," said Andy Lebow, a broker at Man Financial in New York.

Andy, Andy.. "On tenterhooks."

i'd chalk that error up to the news service.

[redfoliage2]

Either someone fears an imminent war or someone pushed the wrong button.



Does not look right to do both up and down so fast.

This is a 1 minute all sessions chart

It looks like a missile, but it turned out not fired. Just to scare your guts out.

[raleigh]

"sneak attack' on iran. lol. the whole world knows now, even me in a small isolated town.