Flash Crash: Part Two

There was a mini flash crash in Citigroup as the stock traded as low as $3.32. Watch out when using stop loss orders and market orders.

2 comments:

Anonymous said...

whether we close below 1040 or not the markets near term are in trouble.

If we do bounce the rallies will most definitely be sold into.

I think a move below 1000 is on the near horizon.

risk/reward...I'd rather play that first. then if we get to 980 look to go long.

Chaos! said...

Many financials have made lower lows. They tend to lead the indices. Looks to me like it's not a matter of if, but when the indices break to new lows. That should create a panic to be bought.