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Dow Jones Oct 10th – The Whipsaw Volatility Final Count = 3,374 Points

Posted by AGORACOM at 11:34 AM on Monday, October 13th, 2008

On Friday afternoon at 3:42 PM EST, I wrote “I have never seen this kind of whipsaw trading in my life.” With Canada enjoying Thanksgiving today, I took a few minutes to tally up just how much of a whipsaw, roller coaster, break neck day it actually was … 3,374 Points.

Here is the graphical version, followed by the actual math.  Keep in mind, these are only tracking moves greater than 400 points, there are plenty more 200 – 300 point moves.

MOVE #1 (9:38 AM) 8,579 DOWN TO 7,882 =  697 Points

MOVE #2 (10:08 AM) 7,882 UP TO 8,646 = 764 Points

MOVE #3 (1:50 PM) 8,646 DOWN TO 7,996 = 650 Points

MOVE #4 (3:36 PM) 7,996 UP TO 8,855 = 859 Points

MOVE #5 (CLOSE) 8,855 DOWN TO 8,451 = 404 Points

This entry was posted on Monday, October 13th, 2008 at 11:34 am and is filed under All Recent Posts, US Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Dow Jones Oct 10th – The Whipsaw Volatility Final Count = 3,374 Points”

  1. Agoracom: Small Cap Investment says:
    October 15, 2008 at 5:45 pm

    […] is especially true in this completely whacked out, neck-snapping, whipsawing market in which even the most seasoned Wall Street managers are at a loss for […]