Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Monty Lenard who wrote (12884)	1/9/1998 6:01:00 PM
From: sea_biscuit	Respond to of 18056

All : What do these CME Globex numbers mean? I am perplexed. I have noticed them for a while now and never have I seen anything worse than -2150, until now. S&P 500 MAR98 960.60 -60 E-MINI MAR98 930.50 -3075 JUN98 940.50A -3050 NSDQ100 MAR98 997.45B -305 (The numbers are as of 3:21PM Central on 01/09/98) Dipy.

To: Monty Lenard who wrote (12884)	1/9/1998 6:06:00 PM
From: Brian Moore	Respond to of 18056

Yahoo shows BEARX up .28 (8.0 yesterday, 8.28 today) Up 3.5% today.

To: Monty Lenard who wrote (12884)	1/9/1998 6:06:00 PM
From: robnhood	Read Replies (1) \| Respond to of 18056

TCLAUDE,,,I believe they changed their minds and kept the old rules.. russell

To: Monty Lenard who wrote (12884)	1/9/1998 6:07:00 PM
From: yard_man	Respond to of 18056

I believe I read in the WSJ the change wasn't going to occur until February. Can someone else check me on this?

To: Monty Lenard who wrote (12884)	1/9/1998 6:30:00 PM
From: Amots	Read Replies (2) \| Respond to of 18056

TCLAUDE. This is the latest from the NYSE. They might change it 1/31. Press Releases Release Date: Thursday, December 4, 1997 Subject Category: Other New York Stock Exchange Board Approves Extension Of Circuit-Breaker Rules With Modifications New York, Dec. 4 -- The New York Stock Exchange board of directors today approved filing for an extension of the current circuit-breaker rules, with some modifications. The current rules expire on January 31, 1998. The current circuit breaker rules call for a 30-minute halt in trading when the Dow Jones Industrial Average (DJIA) drops 350 points, and a 60-minute halt in trading when the DJIA drops 550 points. If those circuit breakers are tripped in the last 30 or 60 minutes of the trading session, respectively, the market is closed until the next trading day. The modifications approved by the NYSE board of directors are as follows: After 2 p.m., the 550-point circuit breaker would trigger a 30-minute halt, instead of a 60-minute halt. Trading would not resume if the 550-point threshold was triggered after 3 p.m. After 3 p.m., the 350-point circuit breaker would be removed, allowing trading to continue uninterrupted until the 550-point threshold. In connection with these modifications, the NYSE also proposed that the Securities and Exchange Commission extend rule 10b-18 to permit companies to buy back their shares under the safe-harbor provision during that period. Currently, safe-harbor is not available in the last 30-minutes of trading. The NYSE will propose additional modifications to the current rule in 1998. Amots