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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (3727)	9/10/1998 8:16:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

<LOCK_LIMIT.> I've always had a problem with that. I think circuit breakers are for the birds. For one thing, if it looks as if the market is going to hit a breaker the traders bail and allow it to happen. For another, how does this protect anyone, except traders? I'm sure my dentist, for example, is not sitting glued to a screen. If the damn thing is going to collapse under it's own weight well let it. The circuit breaker is a self-fulfilling prophecy. You know damn well if it's about to hit that you, me and the next person are bailing out and we get a respite to think about what we are going to do when it re-opens....this is a luxury not afforded to people who have real jobs.