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

To: OVETUS who wrote (25346)	8/27/1998 1:25:00 PM
From: Philipp	Read Replies (1) \| Respond to of 94695

200 DMA broke in one day chart, now 6,250 on the DJIA week chart. The new support is on the weekly chart for the dow and is aroun 6,250. Do you think it would go that lower? That's probably a good target for a two-day crash (Friday/Monday?). But remember for a proper crash, conditions have to be just right and you need panic selling (quite possible tomorrow, depending on how today ends and what happens overnight). Bears often get ahead of events with their bearish sentiment. Cheers, Phil P.S.: Does anyone know the actual values for when trading halts are initiated? I know they are 10 %, 20 % and 30 %, but on what point basis? Is it correct that the SPX future contract is not allowed to fall by more than 20 % in a trading day?