[OB1kNOb]

Rule 48 allows the exchange to suspend price indications that help determine the floor price at the open during regular sessions.

Can someone please translate marketspeak?

[the invisib1e hand]

early indications reflect the standing orders held by market makers.

if there aren't many, or any, then there really can't be any early indications, can there?

[NoNAIS]

Exactly What is ‘Rule 48′ http://blogs.wsj.com/marketbeat/2010/05/20/exactly-what-is-rule-48/ ------------------- I think of it as a bandage to slow the bleeding process. Once the scab forms (normal investors don't see the panic right away), then the Market will form a clot (hopefully preventing the infection of panic).