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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: purecntry5 who wrote (7209)	11/6/1997 10:21:00 PM
From: Elllk	Respond to of 18056

pure I think you are right. It closed for the day on the Monday drop because it hit 550 at about 3:30 so 1 hour would take it past the close. I forgot it was half hour and then 1 hour so you are right could go down a lot more. At any rate, I still say first close for 1 hour comes at 10:52 am! Larry

To: purecntry5 who wrote (7209)	11/6/1997 10:25:00 PM
From: Defrocked	Respond to of 18056

You are correct. InterExchange Procedures in Volatile Markets cboe.com Guess my earlier post suggesting low volume may be a little off the mark.<g> But I think I got the direction right.<g>

To: purecntry5 who wrote (7209)	11/6/1997 11:41:00 PM
From: IceShark	Read Replies (3) \| Respond to of 18056

cowboy, You are right on re: after an hour at -550 she is fair game. I thought we might see that on last Tuesday but the IMF and other biz like IBM put the old kabosh on it. Would be interesting to see, but everyone here is so convinced something bad will happen .... Now the big question is whether they would just close down the exchanges at a 1000 down, or somesuch. I doubt it, would put too much fear and embarrassement into the market - I think the last time the market closed was when Kennedy was assassinated. So some type of intervention would be more likely. BWDIK Regards, Dan