tenacious thursday, page-217

"computer glitch", no way!

I am not sure exactly what role futures play in overall market movements but if, as a vehicle they are used as the pace car, market metronone, master sketcher or similar then it is pretty clear why they were disabled today. The 200 point decline that followed was so measured, all the way down, hit target, and straight back up again. One often sees this intraday on a much smaller scale. My theory is without disabling the futures today this taget would not have been easily reached and the target would still act as a "magnet". Once hit, hey presto CALM again.