Limit Down in ES ?!

[mxjones]

Quote from m22au:

DJIA overnight limit is 550
Naz100 overnight limit is 85
S&P 500 overnight limit is 60

I think we have a trifecta.

 

[maninjapan]

If I read the CME website right, after hours trading limit of 5% results in a halt in trading till 8:30am... Is that right??

 

[NoProblem]

http://www.youtube.com/watch?v=yL8GL5dvQAQ&NR=1

 

[mxjones]

Quote from maninjapan:

If I read the CME website right, after hours trading limit of 5% results in a halt in trading till 8:30am... Is that right??

Until market open is what I understand. 9:30 AM EST.

 

[maninjapan]

mx jones, right. The website refers to central time.

 

[mxjones]

Quote from maninjapan:

mx jones, right. The website refers to central time.

That seems to be the consensus. Read the bottom of the post:

http://traderx.blogspot.com/

 

[swtrader]

limit up a month ago

limit down now

what a dangerous fucked up market

 

[maninjapan]

would in a limit down in After hours suggest a larger move down once trading starts? Or a rebound??

 

[swtrader]

it suggests that anything can happen

people are trying to use indicators etc

but the fact is, this is historical, right in front of us

it's a financial tornado

 

[Daal]

does anyone know whats the ratio of yen moves to ES. if you are lucky enough to get filled on the ask at ES you can hedge through yen and pocket the additional gap we should get by the open