Now where was that huge volume on January 18th, 2006??Quote from def:
Untrue, as much as I hate to defend the exchange, they have a limit of 4.5 million transactions and about 8 million order changes. They announced well in advance that they would have to halt trading if they reached the transaction mark. They also gave a 10 minute warning before doing so and this was during a point when the market had already bounced off the lows. Orders were taking several minutes to complete. The exchange was overwhelmed.
Quote from studyandtrade:
Now where was that huge volume on January 18th, 2006??
Do you see it??
http://finance.yahoo.com/q/bc?s=^N225&t=3m&l=on&z=m&q=l&c=
Now who was getting out? The big guy or the small guy? At the start of a move it's mostly the big guy who sells, not the moms&dads. Conclusion: it's highly implausible that the small guy caused a trading halt on January, 18th 2006!Quote from JayS:
Transactions and volume are not the same thing. You could have two million 5 share transactions and one 10,000,000 share transaction..... but .....It doesn't equal the same in computing/processing capability.
Quote from studyandtrade:
Now who was getting out? The big guy or the small guy? At the start of a move it's mostly the big guy who sells, not the moms&dads. Conclusion: it's highly implausible that the small guy caused a trading halt on January, 18th 2006!