Thats strange I thought they kicked in with a 100 point drop.
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No curbs yet???
- Thread starter myminitrading
- Start date
Not until the NYSE composite drops 150 points then CNBC will run a banner stating "curbs in".
This curb permits program sales to be executed only on upticks and program buys on downticks.
The next curb is when the DJIA drops by 10% then trading is halted.
This curb permits program sales to be executed only on upticks and program buys on downticks.
The next curb is when the DJIA drops by 10% then trading is halted.
The eggberts and eggists and dogberts of the market keep selling
I want to see how well those curbs really work. There are no curbs in the futures.
Some posters seem to live in the past century and at times when the Dow was at the 5,000 level and a 200 decline translated to 4% off the index value.
In this century and around this time, the Dow is at the 14,000 level and 200 point fluctuations are within its normal volatility range. Drops of 200 or so points mean nothing. Even of 400 points. The trend is up.
Ron
In this century and around this time, the Dow is at the 14,000 level and 200 point fluctuations are within its normal volatility range. Drops of 200 or so points mean nothing. Even of 400 points. The trend is up.
Ron
Program trading (index arbitrage specifically) is curbed/collared at 190 down in the NYA (not Dow).
See http://www.nyse.com/press/circuit_breakers.html
See http://www.nyse.com/press/circuit_breakers.html
Quote from ronblack:
Some posters seem to live in the past century and at times when the Dow was at the 5,000 level and a 200 decline translated to 4% off the index value.
In this century and around this time, the Dow is at the 14,000 level and 200 point fluctuations are within its normal volatility range. Drops of 200 or so points mean nothing. Even of 400 points. The trend is up.
Ron
Save your energy, you're supposed to come here to learn from the "Elite Traders" assembled here.
They know not of which you speak: percentages.
LOL