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


To: kas1 who wrote (7934)10/27/1997 7:58:00 PM
From: Defrocked  Respond to of 94695
 
I have always been against the "circuit breakers" but
understand the institutional desire for false stability.
Unfortunately, they act as magnets and once sensitized
to a magnet I believe metal becomes more responsive to the
attraction. The implication of the analogy is that next
time the market may trade to these trading halts even
more quickly.