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So if there is a bid to buy at 1158 and a trade is made how can they say
there was not an offer to sell there? I am confused? And how do we know the
difference?
don ewers
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 29, 2001 4:58 PM
Subject: Re: [RT] SP Limit
> At 10:54 there was no offer at 8 even, so the clock did not start. At 13
:22
> there were limit offers, so the 10 minute clock started ticking. There was
> no shut down because it was bid up from 8 even during the 10 minute
period.
> Then the limit was reset to 35 pts below, and price was free to go.
>
>
> Michael
>
> wl7bdn@xxxxxxxxxxxxx
>
>
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, March 29, 2001 16:50
> Subject: [RT] SP Limit
>
>
> > Yesterday the SP traded at limit at 10:54 CST then moved off and came
back
> > to it at 13:22 CST where it appeared to lock move off, lock for the
> 10minute
> > time frame roughly then moved off and was allowed to go below at 14:04
> CST.
> >
> > They did not cancel out the 1158.00 low tick yesterday at 10:54 (I
> checked).
> > This means that they must have instituted a time frame into the
> calculation
> > for the ten
> > minute rule??
> >
> > I believe the same thing happened on the 22nd.
> >
> > In the past I thought the 10min. rule started when limit was first
reached
> > and prices could trade at but not below for 10min. If still locked after
> > 10min. (not the case in either of the above) a 2min halt is imposed.
> >
> > Any ideas anyone what the rules are now. My copy of the old rules says
> > something may have changed?
> > don ewers
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
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