FOREX TRADERS

[Worn_Buffet]

Edit: My ? is...what are "curbs"? Dont you recall those? I understand & have heard of circuit brerakers b4....just curious as to why we haven't seen "Curbs In" for awhile?

Guess it's time ta goog....I'll edit this post if I find out what Curbs are/were....maybe they no longer use'em w/all the changes that's been goin on....no shortin, etc?

Found it.....that 'splains it I suppose....hasn't the uptick rule been removed?


Dear Yahoo!:
I like to watch the stock market report. Most mornings, next to the Dow Jones ticker I see the phrase: "Curbs In." What the heck are curbs and why are they in?
Philip
San Bernadino, California

Dear Philip:
To find the skinny on "curbs," we checked the Yahoo! Reference and Guides category (under Business > Investment). There we found a very cool site called The Investment FAQ. FAQ stands for "frequently asked questions" and if "What are trading curbs?" doesn't qualify, then who knows what does.
We headed straight for the site's front-page search box, entered the word "curbs" and a single result was returned: an article titled "Exchanges - Circuit Breakers and Other Trading Restrictions."

There we found an explanation of the New York Stock Exchange collar (also known as Rule 80A), which is what they're talking about when they say "curbs in." Here is an excerpt:


This restriction is triggered if the Dow Jones Industrial Average (DJIA) moves up or down by 50 points�. If this trigger occurs, program trading curbs are put in effect. Essentially, a key computer is turned off, so program trading must be done 'by hand.' This rule is also known as the 'uptick downtick rule' (more formally: index arbitrage tick test) because it restricts sells to upticks and buys to downticks.
Basically put, this means that after the market has moved 50 points in one direction, computerized trading systems are "encouraged" to reduce volatility rather than exacerbate it.

& the rest is here....

http://ask.yahoo.com/19990301.html


http://www.zeitgeistmovie.com/

http://www.thevenusproject.com/

"Risk comes from not knowing what you're doing."

Warren Buffet