Nov

14

Noted, from Charles Pennington

November 14, 2008 |

The 94 point up move from 1pm to 4pm yesterday was the biggest magnitude 3 hour move of either sign, by a long shot, since the start of 2008 (and probably further back; I didn't check).

The second, third, fifth, and tenth biggest magnitude 3-hour moves were also up, not down moves. The biggest 3 hour down move was only 67 points, on October 9.

But these big up moves don't sit as prominently in our memories, and I hear no one rushing to say that markets rise faster than they fall!

Top 10 magnitude 3-hour moves in ES:

move        date              time (end of move)
73.75    10/28/2008      1600
94.25    11/132008       1600
72.75    9/18/2008         1550
-67.5    10/9/2008         1615
64.75    1/23/2008         1550
54.75    10/10/2008       1540
-52.75   10/15/2008       1610
-51       10/23/2008        1420
-50.25   9/29/2008         1530
49.5      10/13/2008       1615


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