Saturday 13 October 2018

A sudden sell-off in the Dow yesterday


A massive sell-off sent the Dow Jones plummeting 600 points WITHIN MINUTES


Hal Turner reported yesterday that at 2:43 PM EDT Thursday, a "sudden and massive SELL order hit the Dow Jones Industrials seemingly out of nowhere and sent the Dow Jones plummeting by over 600 points in a manner of minutes, the selling volume was indeed one for the ages."
He further reports that:  "a National Security Bulletin has been flashed to Intelligence Sources warning of some type of massive "incident" perhaps as early as tomorrow (Friday October 12)."
Hal Turner reports that "according to the Security Bulletin, this could signal a major terrorist attack because this type of massive sell order has not been seen for years, and may indicate insider knowledge of a pending "incident.""
He asks whether this be a "false flag Friday"?
According to the NYSE TICK, or uptick minus downtick, index, at precisely 2:43pm, the selling order flood was so big it not only surpassed the acute liquidation that was observed around 3PM on Wednesday, but the -1,793 print was one that had not been seen for 8 years!
Bay Crest Partners technical analyst Jonathan Krinsky wrote, the sudden and violent surge in selling as measured by the TICK index, when downtick volume overpowered upticks, was the lowest reading since the May 6, 2010 "flash crash" when liquidity dried up in markets, sending the market plummeting for a few minutes, as HFT briefly went haywire (or when a spoofer outsmarted the algos, depending on what version of events one believes).
The massive sell order raised all sorts of red flags throughout the Intelligence Community.  US National Security Analysts are now carefully scrutinizing what was sold and by whom to see if something indicates inside knowledge about an industry or sector that may be impacted by some sudden "event" such as terrorism.
He asks the question, could this be a "false flag Friday?"
The conclusion may be an exaggeration but that this event occurred has been confirmed by both Zero Hedge and Michael Snyder of the Economic Collapse Blog:

"And it looks like we may have had some dramatic “forced selling” in the market on Wednesday. At one point in the afternoon, the market was suddenly flooded with sell orders…

Today was different, because shortly after 2:40pm when a massive selling program emerged as if out of nowhere and sent the Dow Jones plummeting by over 600 points in a manner of minutes, the selling volume was indeed one for the ages.

According to the NYSE TICK, or uptick minus downtick, index, at precisely 2:43pm, the selling order flood was so big it not only surpassed the acute liquidation that was observed around 3PM on Wednesday, but the -1,793 print was one that had not been seen for 8 years: as Bay Crest Partners technical analyst Jonathan Krinsky wrote, the sudden and violent surge in selling as measured by the TICK index, when downtick volume overpowered upticks, was the lowest reading since the May 6, 2010 “flash crash” when liquidity dried up in markets, sending the market plummeting for a few minutes, as HFT briefly went haywire (or when a spoofer outsmarted the algos, depending on what version of events one believes).

In any case, “someone” was in a massive hurry to get out of the market and was willing to hit literally any and every bid in doing so.



Margin Call: Burst Of Sell Orders At 2:43PM Was Highest Since The Flash Crash



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