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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (27719)	1/15/2002 5:51:03 PM
From: Michael Watkins	Respond to of 52237

The 'glitch' has been well known for eons. I guess with the increasing popularity of electronic trading of futures, new people each month are introduced to it. Dig back in time to FOMC meeting days, the range of the spikes from top to bottom is frequently as big or bigger than what we saw today. It happens most every FOMC meeting yet people persist in trying to 'game' the action. Granted, its hard to expect a simple test of a day's high to turn out so badly, but knowing that it could happen, we adjust our behaviour.

To: rocklobster who wrote (27719)	1/15/2002 5:53:02 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

I don't know much about trading futures- but I do know that if one can somehow manage to lose 1/2 their capital in 20 minutes- they are way too leveraged. Risk is a 2 way street. Margin is like alcohol- It's probably best to just avoid it, and if you must indulge, moderation is the best policy. Best of Luck- you should probably contact a securities lawyer if you think you have a case. TW