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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (17558)	1/7/2016 1:47:42 PM
From: richardred	1 Recommendation Recommended By John Pitera Read Replies (1) \| Respond to of 33421

I think it's good, but you have to follow through with a set plan ahead of time. The breaker a set time for traders to cool off and think' and re-think. Also a time for the exchanges to make sure things are working properly for heavy volume. I don't think the Chinese elite were prepared, as they IMO are inexperienced capitalists. I was trading in 87 . The days and weeks after heavily. Their were circuit breakers in place. However there were still things that did not work the way they were suppose to. One I can think of. Stop loss orders and sell orders that weren't executed properly. Also some market makers who generally help restore order, balked at buying as they were bombarded by orders. I've never put in a stop loss order ever, to this day. If I want to sell. I use a market order. P.S. Talk over Bear Markets and a trigger of a circuit breaker tend to bring up this subject. Banking-Remember Greece- their was a limit people could withdraw out of a ATM. Message 28921255

To: benwood who wrote (17558)	1/7/2016 1:52:25 PM
From: Hawkmoon	2 Recommendations Recommended By isopatch sixty2nds Read Replies (1) \| Respond to of 33421

And since China rescinded its circuit breakers, I expect a lot of folks will be scrambling to get out of the market tomorrow.. Wash it out, and try to pick up the pieces in coming weeks. Hawk

To: benwood who wrote (17558)	1/7/2016 7:32:22 PM
From: John Pitera	Respond to of 33421

China's circuit breakers are poorly designed ... the US has a better structuring... Limit moves in the futures markets over the years have caught traders and funds in positions they could not get out of. with HFT and the rise of the machines circuit breakers .... one can make a case. and one can even make a stronger case that the Market makers system that the NYSE has where you had more humans involved has it's advantages. Historically, nobody wants to get out of line during a bank run if the window closes for a bit. It only alarms everybody else to get into line. I have got to agree with that.... good comments Benwood. JP