"LIMIT DOWN" futures maxed down today DOW THREAD

Hedge funds continuing to unwind. Britain reported negative GDP.

I'd venture a bet you'll see a big down day, a few courageous buyers, but probably next Tuesday people will once again try and touch the hot stove that is the market.
 
Not looking pretty out there folks. We're watching the possible default of Russia, Ukraine, Argentina, Belarus, Hungary, Romania and probably a litany of other nations. This is going to cause some major geopolitical strife.

Perhaps enough to get away with implementing martial law...? Just askin...
 
rockjoa said:
How far down does it have to go to be closed?
Click to expand...
as far as i know its halted at 10% then they reopen, then if it drops 10% then its is stopped again, if one more 10% for a total of 30% it closes for as long as necessary.


they are trying the spin now....lol
 
Coordinated rate cuts either today or

most likely tomorrow morning, a full point out of Europe, Australia and many others. More government programs coming and possibly the introduction of SSI(part deuce) ala Argentina. The governments around the world are broke and stand ready to change the rules again.
 
At the start of each quarter, the NYSE sets three circuit breaker levels at levels of 10%, 20%, and 30% of the average closing price of the Dow Jones Industrial Average for the month preceding the start of the quarter, rounded to the nearest 50-point interval. As of the fourth quarter of 2008, these levels are 1,100 points, 2,200 points, and 3,350 points respectively. Depending on the point drop that happens and the time of day when it happens, different actions occur automatically:

http://en.wikipedia.org/wiki/Trading_curb
 
StilesBC said:
At the start of each quarter, the NYSE sets three circuit breaker levels at levels of 10%, 20%, and 30% of the average closing price of the Dow Jones Industrial Average for the month preceding the start of the quarter, rounded to the nearest 50-point interval. As of the fourth quarter of 2008, these levels are 1,100 points, 2,200 points, and 3,350 points respectively. Depending on the point drop that happens and the time of day when it happens, different actions occur automatically:

http://en.wikipedia.org/wiki/Trading_curb
Click to expand...
clear as mud....lol
 
StilesBC said:
At the start of each quarter, the NYSE sets three circuit breaker levels at levels of 10%, 20%, and 30% of the average closing price of the Dow Jones Industrial Average for the month preceding the start of the quarter, rounded to the nearest 50-point interval. As of the fourth quarter of 2008, these levels are 1,100 points, 2,200 points, and 3,350 points respectively. Depending on the point drop that happens and the time of day when it happens, different actions occur automatically:

http://en.wikipedia.org/wiki/Trading_curb
Click to expand...

a little clearer:

Futures can trade down (only) as much as 10 percent. If they hit this limit, they can trade at (or exceed) this limit for 10 minutes. If they're still limit down after 10 minutes, there's a two-minute trading halt and we move to the next level (20 percent).

Same deal for the 20 percent level - if the same circumstances occur as described above, we then move to 30 percent.

If we hit 30 percent, that stays in effect for the remainder of the trading day.
 
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