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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (16109)	4/12/1998 12:37:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Barry; They needed some change..but to go to those extrems is not just stupid it's criminal. They used the arugment that they were just going back to the original intention of the breakers.. back when they were put in place the market was much lower. BUT thats so one sided..back then you did not have anything like the program trading we have now. But they ignored that..to use the argument they used we should go back to nailing people on the cross for any thing they want to call sedition, or the orignal intention, that there would never be any "personal" tax..such as income tax. Any way if they want to lower the limits as much as they did then cancle all program trading..it should never have got started to begin with as it makes a playing field that tilted strongly in favor of the big gorillas anyway. With these limits the OCT fall could have and would likley have been 30% the first day, producing panic with maybe another 30% getting out the next..can you picture a 60% fall in two days well they put the gears in place to let it happen..and you and I will not even get a phone line into a broker if it happens. 5-10-15 should have been the limit..not 10-20-30..and I'm positive about program trading being an atrosity commited towards the small investor that the SEC is either to stupid to see , or in the pockets of the Wall Street crimianls. On top of that it's based on the 31 stocks in the DJI..which I have noticed for some time now that the program trading has been biased to avoid thoes in market down turns untill last. They just set up a situation that can steal most all the pension money in in most every pension fund and them give us a chikensiht grin, These triggers should not only be 5-10-20..but should trigger on any major index not just the DJI..this is no more than a mock travesty at regulating the biggest and greedyest criminals in the world. How's that for sedition ? <G> Jim

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