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> The S&P 5% limit is now 55 points. The NASDAQ-100 5% limit is 80
> points and the Dow Jones 5% limit at the CBOT is an even 1000
> points.
John, do you have any idea why they base these limits on prices
rather than on volatility?
80 points is a pretty ho-hum day in the ND, but 55 points is a fairly
major downer in the SP. The SP is usually down only about 15pts or
so when the ND/NQ limits kick in. That doesn't seem sensible.
Gary
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