David Fry's  Instablog

David Fry
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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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ETF Digest
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Create Your Own ETF Hedge Fund, a DIY ETF Strategy for Private Wealth Management.
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  • Jade Bond
    , contributor
    Comments (82) | Send Message
     
    What a bunch of hooey over there in that video. The 3-year weekly EMA on Euro futures is around 1.35 and it's bouncing around solidly still above 1.40. What in the world makes them think the central banks are even worried? The trend on the euro since July of '10 is still solidly up. The 5 of them didn't have a single shred of substance to support their dribble -- it was all just existential fantasy talk.

     

    It reminds me of Orwell's 1984 -- "1000 lies makes one truth". If anything, someone at the ECB asked the questions "What if ... Greece ... blah, blah" and some mindless listener started a rumor that they were contemplating intervention. At that rate, one could say they are contemplating intervention any day of the week in any circumstance whatsoever.

     

    But to the extent it gives traders a chance to ride the hysteria and take money from suckers who panic, it's all good fun and games.

     

    BTW: Love the hocky photo!
    16 Jun 2011, 09:47 PM Reply Like
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