Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: peter michaelson who wrote (957)	4/13/1998 10:50:00 AM
From: Candle stick	Read Replies (1) of 2120

In case you missed it IMPORTANT news from Friday: Friday April 10, 12:35 pm Eastern Time SEC approves new stock market circuit breaker levels WASHINGTON, April 10 (Reuters) - The Securities and Exchange Commission said on Friday it had approved new circuit breaker trigger levels for one-day declines of 10, 20 and 30 percent in the Dow Jones Industrial Average. The new levels, which go into effect on April 15, were proposed by the securities exchanges and the National Association of Securities Dealers to modify their rules on cross-market trading halts during extreme market volatility. The new levels were approved late Thursday by the agency. Full report here: biz.yahoo.com The government is finally going to pull the plug on this speculative bubble market.....removing the circuit breakers is the first step. Guard your profits...........;^) P.S. How come this has not been reported on CNBC?...it means the market can now fall 2,000 points in one day.

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