Re: Bid and Ask Size at a bottom?

["John Clemens" <jbclem@xxxxxxxxxxxxx>]

Sean:

Thanks for the link for the current floating limit regulations.  I confess I
was  thinking the limit was at 35 pts down and so was blithely unaware of it
when it occured today.
Still, I am curious about the 400+ ask size for those 4-5 minutes, and what
it stood for.

John



----- Original Message -----
From: "Sean O'Toole" <sean@xxxxxxxxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, April 23, 2001 3:09 PM
Subject: RE: Bid and Ask Size at a bottom?


>
>
> The Market was limit down.  For a full explanation of how the floating
> limits work in stock index futures go here:
> http://www.cme.com/news/01-42limits.html
>
>
>
> >
> > At 12:09 PST, the ES1M was retesting a local bottom tested 3
> > times about 40
> > minutes previously.  I was watching the bid and ask size closely(1st
time
> > I'd done this) and saw this interesting situation: the bid and ask
prices
> > stayed at 1224.00 for a good part of a 5 minute period, the bid price
> > especially did not budge from 1224.00.  At the same time the ask
>