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Just before the crash of the first airplane at 08:45 NY time the Eurostoxx
quoted 3526. At 10:10 NY time the Eurostoxx hit a panic low of 3050 which is
13% lower.
Since then, the real horror happened within 1.5 hours, the Eurostoxx is
trading in a narrowing wedge with a balancing midpoint around 3225, which is
8.5% lower from the moment just before the impact.
ALL major currencies are trading within a range of less then 1% with
eachother. A remarkably well ordered market according to analists at CNBC
and other financial stations.
Hope this indication might help.
Ed Kiers
----- Original Message -----
From: "Barry Burgess" <barry_burgess@xxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Thursday, September 13, 2001 8:45 AM
Subject: Sorry -but
Sorry to all the USA members of this list but realise that the margin calls
started in Europe on Wednesday morning for all those long in both the
futures and options markets. The volatility has gone through the roof. Your
pain will continue on the opening of the US markets.
As a Day trader I was flat awaiting the opening of the US markets - pure
luck with the timing but a number of my position trading friends are
hurting.
Good luck
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