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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.
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