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re: China halted trading again after hitting the 7% decline
Posted on 1/8/16 at 7:01 am to TigerFanatic99
Posted on 1/8/16 at 7:01 am to TigerFanatic99
Yes. They started out +2.5% in premarket, dropped to -1.5% 20 minutes after the market opened, then reversed hard to get as high as +3% or so before closing +2%.
What I got from all that was that the CCP removed the circuit breakers to give them time to react and started pouring money into the market once their index dropped to 3250. That's what I think happened anyway.
What I got from all that was that the CCP removed the circuit breakers to give them time to react and started pouring money into the market once their index dropped to 3250. That's what I think happened anyway.
2
Posted on 1/8/16 at 8:20 am to Omada
Thanks. I knew they said they were going to remove the breaker to let the market work, but didn't see the results. Nice to see the sky didn't fall again. Hopefully the US market respond similarly. When's the last time we have a solid week this bad without a bounce back day about now.
Posted on 1/8/16 at 10:28 am to Omada
PBOC devalued the juan yesterday (again). Central Bank adding more stimulus to prop up economy. Weekly chart on SPX looks bad. Next week will be interesting.
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