- This topic has 205 replies, 19 voices, and was last updated 16 years, 1 month ago by
jficquette.
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October 15, 2008 at 4:52 PM #288091October 15, 2008 at 5:09 PM #287748
jficquette
Participant[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.
October 15, 2008 at 5:09 PM #288049Participant[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.
October 15, 2008 at 5:09 PM #288065Participant[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.
October 15, 2008 at 5:09 PM #288092Participant[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.
October 15, 2008 at 5:09 PM #288096Participant[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.
October 15, 2008 at 5:16 PM #287753Participant[quote=peterb]Elliottwave calling for this to settle down at 8200 and then pop up again. But I dont see how. What good news is coming? Nothing. So, it’s down we go…..[/quote]
Check this yearly chart of the Dow. We appear to be taking out those lows. I though it would take a couple of years just a month ago. I never thought it would happen so fast.
When you get to the chart you will have to change it to show “all data” and change freq to Yearly.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=%24indu&time=20&freq=2
October 15, 2008 at 5:16 PM #288054Participant[quote=peterb]Elliottwave calling for this to settle down at 8200 and then pop up again. But I dont see how. What good news is coming? Nothing. So, it’s down we go…..[/quote]
Check this yearly chart of the Dow. We appear to be taking out those lows. I though it would take a couple of years just a month ago. I never thought it would happen so fast.
When you get to the chart you will have to change it to show “all data” and change freq to Yearly.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=%24indu&time=20&freq=2
October 15, 2008 at 5:16 PM #288070Participant[quote=peterb]Elliottwave calling for this to settle down at 8200 and then pop up again. But I dont see how. What good news is coming? Nothing. So, it’s down we go…..[/quote]
Check this yearly chart of the Dow. We appear to be taking out those lows. I though it would take a couple of years just a month ago. I never thought it would happen so fast.
When you get to the chart you will have to change it to show “all data” and change freq to Yearly.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=%24indu&time=20&freq=2
October 15, 2008 at 5:16 PM #288097Participant[quote=peterb]Elliottwave calling for this to settle down at 8200 and then pop up again. But I dont see how. What good news is coming? Nothing. So, it’s down we go…..[/quote]
Check this yearly chart of the Dow. We appear to be taking out those lows. I though it would take a couple of years just a month ago. I never thought it would happen so fast.
When you get to the chart you will have to change it to show “all data” and change freq to Yearly.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=%24indu&time=20&freq=2
October 15, 2008 at 5:16 PM #288101Participant[quote=peterb]Elliottwave calling for this to settle down at 8200 and then pop up again. But I dont see how. What good news is coming? Nothing. So, it’s down we go…..[/quote]
Check this yearly chart of the Dow. We appear to be taking out those lows. I though it would take a couple of years just a month ago. I never thought it would happen so fast.
When you get to the chart you will have to change it to show “all data” and change freq to Yearly.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=%24indu&time=20&freq=2
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