Home › Forums › Housing › Cramer predicts DOW 4700 by Tuesday (1995ish levels) › stockstradr wrote:Dow can
[quote=stockstradr]Dow can drop 3350 in one day if the decline happens before 2 pm Eastern.
Wrong. you misread the rules of the circuit breakers.[/quote]
I was just going by this statement on the NYSE site:
“In the event of a 3350-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.”
Apparently there is a way to accommodate a 3350 pt or 30% fall within the rules or that statement wouldn’t be neccessary.
