Counting PIPS

I have gon back and looked at some historical charts to verify the 1 pip=2 Dow point relationship and it's about as close as you get.

So from yesterday's close the Euro rallied 220 pips which should equal 440 Dow points as of now, the real number: 230

I have VERY little doubt that yesterday the HFT algos were either turned off or a I had mentioned several weekends ago were being revamped as the HFTs were likely taking on too much risk and at that time for all the wrong reasons. I think I demonstrated how the 1-day losses would have been nearly unrecoverable had the algos not been shut down.

I'm wondering what's going on today as they usually fire up around 8 a.m.