Friday, November 20, 2009

ICE Dollar Index Futures

A fat finger error is being blamed for the massive selloff around 7:05 AM ET.  The dollar index futures on ICE skyrocketed, and now a lot of the orders are being canceled.  In any case, the aftereffects are lingering, and I think this market has suddenly turned skittish.  I will hope for a gap close to sell short.  I think we're getting set for some turbulence.  We are overbought, market has turned, and we're on day 2 of the pullback.  I'm looking for losses today and/or Monday. 

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