- Ghost Spikes
I dont know if anyone has ever noticed so called ghost spikes on their trading charts. This one was on ETO this morning. Todays candle shows a drop down to 89p and then back again. I have seen these before (there was one on Barc a while ago to 175p which still hasnt been hit). They get blamed on data feed issues and data anomolies…. but I do sometimes wonder! Maybe a formula just went haywire and tipped its hand! Or am I being too cynical – time will tell I suppose!
[...] Not sure if anyone saw the other day but there was one on Entertainment One down to 85p ish (http://www.ftsedaytrader.com/ghost-spikes-eto-this-time) – so will be a buyer there again. Those ghost spikes dont stay on the charts for long. We [...]
i’ve seen these on IG charts back in Oct 2008, and I inquired with IG the reason for them, and they simply stated they were “bad ticks”.