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To: IceShark who wrote (32480)4/11/1999 8:59:00 PM
From: accountclosed  Read Replies (1) | Respond to of 86076
 
I guess I didn't read your original note carefully enough. These days they have so many flavors of locks...the no program trading types...the hour close down types...the close for the day types...if you read the cme limits page they have all sorts of levels of locks...i thought you were implying that the contract was shut off for the night totally.

they have a 2.5%, 5%, 10%, 15%, and 20% limit rules.



To: IceShark who wrote (32480)4/11/1999 8:59:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
mkt ain't rigged to keep going up till a meltdown happens is it? -s-

I think these tradng halts will be re-thought after this bucket of sh*t implodes. Fear of a selloff is good thing and keeps the mkt in balance... attempting rig it to the upside only postpones the selling and intensifies it at some later date, IMO.



To: IceShark who wrote (32480)4/11/1999 9:04:00 PM
From: accountclosed  Read Replies (1) | Respond to of 86076
 
I have read the page again. I think you are right. Globex2 has absolute limits and isn't subject to the stairsteps.