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Now they can run them good. A lot of shoe string traders will be cleaned out
in a hurry. I guess they have to feel macho and trade.
Norman Winski wrote:
> ----- Original Message -----
> From: <H.Albizem@xxxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, May 10, 2001 7:51 PM
> Subject: [RT] Re: Fw: CHANGE IN STOCK INDEX LIMITS MAY 13
>
> > --- In realtraders@xxxx, "EAdamy" <eadamy@xxxx> wrote:
> > >
> > > ----- Original Message -----
> > > From: <support@xxxx>
> > > To: <eadamy@xxxx>
> > > Sent: Thursday, May 10, 2001 9:23 AM
> > > Subject: CHANGE IN STOCK INDEX LIMITS MAY 13
> > >
> > >
> > > > Effective Sunday evening, May 13, the CME is eliminating the 2.5%
> > circuit
> > > > breaker for Stock Index futures.
> > > >
> > > > During Globex trading, the maximum movement will now be 5% in
> > either
> > > > direction. That will be 55.00 points instead of 27.00 points in
> > the S&P
> > > > 500 and E-Mini S&P 500, and 85.00 points instead of 42.00 poiints
> > in the
> > > > NASDAQ 100 and E-Mini NASDAQ 100. Similar adjustments will be
> > made in all
> > > > other CME Stock Index contracts as well.
> > > >
> > > > During Regular Trading Hours, the first down circuit breaker will
> > now be
> > > > 5% instead of 2.5%.
> > > >
> > > > For further information, visit the CME's web site at
> > > > http://www.cme.com/clearing/slg/slgadv/cm0126.htm.
> > > >
> >
> > This is the begining of faster, stronger and smarter swings. Keep
> > your seatbelt on all the time, unfortunatley a lot will hurt badly
> > and get out of the market for good. Are you ready guys :-) ?
> >
> > Haytham
>
> I think widening or eliminating these limits will help to reduce
> volatility.
>
> Cheers,
>
> Norman
> > > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
> To unsubscribe from this group, send an email to:
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>
>
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