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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (41345)	7/2/1999 10:22:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 94695

<Is that from this year or last year? It seems strange that the NASDAQ would do this by fixed numbers when this approach was tried and discarded in favor of percentage based breakers.> Press release came out this past Wednesday. While press releases don't indicate year - you can tell by link: biz.yahoo.com 99-06-30 I found it strange too. Maybe it was easier for computer programming. That's my guess. Amazes me that so few on SI picked up on this and that there has been NO discussion anywhere. And no mention in financial media - leading up to this - and after it happened. I haven't seen this anywhere else yet. Maybe it was somewhere else and I happened to miss it. Day-traders are too euphoric with whats gone on past two days to notice this - or don't care. I'm still amazed that so few picked up on it. I've been focusing on Y2K issues ... technology and perception ... and SEC Y2K disclosures ... and how it relates to stock market and banking. Found timing on this interesting. Plus 46 states started their 2000 fiscal year Thursday. Problems don't usually show up until end-of-month or end-of-quarter. If transition is anything like euro transition ... big problems lie ahead. Problems are usually hidden with manual work-arounds at the beginning (like they tried to do with euro) ... but eventually problems get bigger and bigger before they're found and fixed. ======================================================== NYSE sets Q3 circuit breakers, trading collars NEW YORK, June 30 (Reuters) - The New York Stock Exchange, the world's largest stock exchange, said Wednesday new circuit breakers and trading-collar trigger levels for the 1999 third quarter will take effect on Thursday [July 1, 1999] ... ======================================================== Good luck to you too, Cheryl