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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: David Loomis who wrote (2446)	1/17/2002 3:44:14 PM
From: rocklobster	Respond to of 9012

Holy....cow...I guess a forty point loss wouldnt look so bad in that situation..looks like about a two minute three hundred point spike..ouch.. rok

To: David Loomis who wrote (2446)	1/17/2002 4:08:56 PM
From: booters	Respond to of 9012

Yep thats the one. WOW what a ride. Thanks Dave boots ( now if I could just find that pork belly chart )

To: David Loomis who wrote (2446)	1/17/2002 5:32:57 PM
From: Dan Duchardt	Read Replies (3) \| Respond to of 9012

Hi Dave, shows death spike of 1/3/01 in nqh1. Yes, but ... seems to me a whole different sort of animal when there is a discontinuity in the market triggered by some economic event. As huge and deadly as that jump may have been, I would not call it a spike. What happened this week, though on a smaller scale, was truly a spike with no accompanying change in market direction or sentiment. Whether intended or accidental, it was a short term event with no economic basis that served no other purpose than to transfer large amounts of money from the unfortunate who held positions that favored the prevailing downward trend into the hands of others who were, in a sense, on the "wrong side" of things. It's only my opinion, and it don't count for much, but I consider it a defect in the market structure that permits such anomalies to occur. Dan