Locked Limit

[The Bear]

Once a market goes Locked Limit Down or Up, what determines when the halt ends? Can it stay locked for days on end?

I head of my friends father who got stuck in a gold contract for like a week and it was moving against him and he couldn't get out. Is this typical only in the past or can this happen today too....for days on end?

[Kiwi]

Yes it can stay there for days.

I've experienced that with lumber (quite common on lumber) and live cattle when some fools took fright about mad cow disease.

[dalby]

this is one of the reasons i mostly trade ags through spreads, instead of outright directional trades.

[cooter]

Time and the market determines the next move.

[torero]

	Quote:	dalby
	this is one of the reasons i mostly trade ags through spreads, instead of outright directional trades.

How do you trade spreads? Using different time contracts of the same product?