CL Redux

Quote from Now is Now:

Any of you guys and Nodoji :cool: know how the settlement price for CL is determined and at what time it is done...

NiN
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I believe the daily settlement price is the last print made in the pit session, which closes at 2:30 EST. For example, today's settlement price is 77.11.
 
Quote from schizo:

We CROSSED AND CLOSED below the major trendline extending back to the April 2009 low (or is that March, I can't remember and too damn lazy to open the chart). As such, we're now officially in the bear country as of today. Rather than buying the dips, it's probably better to sell the rips from here on out.
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wait, are you saying you're now bearish? it can't be....
 
Quote from HuggieBear:

wait, are you saying you're now bearish? it can't be....
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Unbelievable, ain't it? But then, weren't you a perma bull yourself? :D :eek:
 
I was a perma bear during the bull run (until a few weeks ago)


i turned perma bull a few weeks before the bottom fell out


i am currently in the bull camp but thinking there is a chance we test 70.


i don't see lower prices unless we start to see real evidence of an economic slowdown.


I am looking for a bounce to 80-82
 
I received notice about execution between 2:40 to 3:00. some will be cancelled. I wish my crude trading is cancelled.but I wish my NQ is kept.
they are talking about stocks, not futures?
 
you have to have traded into an instrument that is 60% from its listed price at 2:40pm.


none of the futures qualify for sure.


its really for those stocks that plunged to .01


anyway, if you bought something at a 60% discount, you've got something to worry about.
 
I hope this is not what's to come down the road.

What's to stop these exchanges from saying "oops, there was a technical glitch, your orders are now null and void" every time the spooz drops 50-100 points?

How can there be a technical flaw of this magnitude?
 
Quote from schizo:

I hope this is not what's to come down the road.

What's to stop these exchanges from saying "oops, there was a technical glitch, your orders are now null and void" every time the spooz drops 50-100 points?

How can there be a technical flaw of this magnitude?
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Technical glitch, my ass. Looks to me like the sell programs all triggered at once based on a technical price breakdown and worked absolutely flawlessly.
 
Quote from schizo:

We CROSSED AND CLOSED below the major trendline extending back to the April 2009 low (or is that March, I can't remember and too damn lazy to open the chart). As such, we're now officially in the bear country as of today. Rather than buying the dips, it's probably better to sell the rips from here on out.
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We will prolly bounce above them in a couple of days and it will be smooth sailing again for the bulls, just like the 87 crash, one day does not a bear make.
 
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