Squawk questions check out the link below...
Steve great job of breaking it down and thanks a million for the time and energy spent doing so. We are currently working on some tutorials for the squawk and some of the most familiar setups. I'll have those out soon and I'll let you know when I do.
As I listen to this clip the first thing that comes to mind is how insane busy it was right off the open. I can't remember the last time the market opened with a 10 handle bid/offer spread. I can say with confidence that it's been a while. So this probably isn't the best example of what the squawk is really like on a day to day basis, but it is a great example of what a high energy trade to the upside is like.
That having been said the best thing to listen for hear is the bid offer activity. It was such a high energy one sided trade, either all bids/buyers or all offers/sellers and mostly buyers. Listen to me when I'm screaming bid, bid, bid. Listen as I scream prints and trades higher and higher. Wow that was fun, maybe you can hear it in my voice a little.
This has been the most intense market I have ever seen in all of my 17 years on the floor. The market is looking for value in a big way and still can't find it. I expect to continue to see the crazy swings continue for a while.
http://www.tradersaudio.com/faq.html is a link to some mp3's I've put together to help clients with questions about terminology and other squawk information. Hope this helps.
Ben Lichtenstein