YM not moving?

Discussion in 'Trading' started by Traber, Oct 24, 2008.

  1. Traber



    Absolutely nothing on the buy side. First time I've ever seen this.

    Granted I haven't been trading long but this is unreal.

    Should I stay away today?
  2. Mate its called being limit down all the indexes are. Look at the offers in the S&P mini about 8k at the mo. Today will be very tricky stay out and watch the action if out are a new trader. Massive dislocations across the currencies and the equities with oil and the softs tanking on top of that.
  3. saxon


    CNN-Money: "Futures trading limits were imposed before 7 a.m. ET, when Dow Jones industrial average futures were down 548 points."
  4. Traber


    Thanks for the info.
  5. Lucrum


    I don't mean to come across as arrogant or condescending, but if you didn't know they were limit down.

    You probably should.
  6. gnome


    Unless you are prepared to cope with possible moves of >5% in a half-hour, standing aside is a good idea.

  7. heres what i just posted in another thread.

  8. gnome


    We haven't seen "limit" on the opening since when, '97 or '98?

    Maybe this is his "first time", and you should be gentle...
  9. I can see a strong rally potential but wont be involved until I see some pos confirmation and then only small. Today is not the day to be a hero
  10. Traber


    I just started trading this year. I've never seen this before. I'll just sim today if I can.

    Thanks gnome
    #10     Oct 24, 2008