InformedTrades
Register

David's Corner Discussion
Forum
Free Courses David's Friends Search Today's Posts Mark Forums Read Store About Our
Community

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 05-28-2008, 06:28 AM
Junior Member
 
Join Date: Mar 2008
Posts: 2
Default Why did the dow drop 40 points from 11:05 to 11:10?

First I want to say this is by far the best site I have ever seen in regards to trading. I noticed all of the sudden the Dow dropped nearly 40 points from 11:05 to 11:10 and then went up nearly 40 points from 2:35 to 2:45. Does anyone know why? Perhaps there was a newsline that I missed in redargs to this. Thank you.
Reply With Quote
  #2 (permalink)  
Old 05-28-2008, 10:18 AM
David Waring's Avatar
Administrator
 
Join Date: Nov 2007
Location: Miami, FL
Posts: 2,347
Default

Hi Flsupraguy,

Thats one of the better comments I think I have gotten on the site so thank you for that and welcome to the community.

I don't follow the market on a minute by minute basis but I do know that there were not any scheduled news releases on the economy out during those times. As you may already know the Dow is made up of 30 individual stocks so a big move from one of the component stocks can contribute to moves like you have discribed. I think most would also agree that 40 point moves are within the range that can be considered market noise and many times there is not a specific event that can be pointed to which caused the move.

This being said I may have simply missed something and the news outlets are pretty good at always trying to explain why the market is moving so here are a couple of headlines from around the times you have listed:

Stocks Move To The Downside In Late Morning Trading - U.S. Commentary | Grace Cheng

Stocks Moving Back To The Upside In Mid-Afternoon Trading - U.S. Commentary | Grace Cheng

Hope that helps.

Best Regards
Dave
Reply With Quote
  #3 (permalink)  
Old 05-28-2008, 11:00 AM
Junior Member
 
Join Date: Mar 2008
Posts: 2
Default

Thank you Dave, I greatly appreciate the help.
Reply With Quote
  #4 (permalink)  
Old 05-28-2008, 11:14 AM
David Waring's Avatar
Administrator
 
Join Date: Nov 2007
Location: Miami, FL
Posts: 2,347
Default

Quote:
Originally Posted by flsupraguy View Post
Thank you Dave, I greatly appreciate the help.
my pleasure thanks for participating in the community.

Best Regards,
Dave
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Site Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -5. The time now is 09:24 AM.


Creative Commons License
InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement and our content licensing.

Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.2.0