Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (4552)	4/11/1998 12:34:00 AM
From: Ken Brown	of 42834

>> The newly approved SEC rule is described at the below link. Looks like they've figured it out correctly this time. cnnfn.com << Much improved. My one concern is that the levels are re-adjusted every quarter. Had I been writing the rules, I'd have added a provision that should a circuit breaker trip, it would mandate an automatic recalculation for all 3 breakers. In a true market meltdown, if breakers do any good (who knows?), that would seem to be a requirement. After all, a 30% drop from 9000 is 6300. Imagine sitting at 6300, and still needing a 900 point plunge just to trigger the 1 hour halt. Still, this is a big improvement over the previous values (finally! based on percentages). Perhaps now we'll never see any of these triggered, which would be fine with me. Ken

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