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> (You can see this if you use the floor traders pivots, prior open &
> close and todays opening, along with the previous High and Low.) The
> really hard part is seeing price move so far overnight on such low
> volume, yet this disapates the energy that would normally take place
> during RTH. It's what makes most stock and futures day traders go
broke
> and we lose even more intra-day volume.
out of the last six ETH sessions, the market was limit up or down 5
times. as of next monday CME gives up the 2.5% limit, so it might get
even worse with even bigger moves overnight and even less intraday. only
thing you can do now is fade the opening gap and trade
the market back and forth between the pivot levels.
michael
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