For now, the tape suggests consolidation with limited downside risk until excess inventories are depleted, business confidence is created and signs of growth are seen. Until then, the slow grind is likely to continue. Once again, just be careful not to chase rallies. Buying Nasdaq 2000 or Dow 9900 this week might be cause for frustration. That's a great example of an amateur trader taking a simple observation and forming a wrong conclusion.
Block trades happen at all price levels.
They've happened from Nasdaq 5000 to Nasdaq 1800 in the large caps. I doubt it. He calls a market maker, let's say Goldman Sachs , to facilitate the order for him. The fund manager agrees. That covers Goldman's short or replaces what it sold out of inventory.