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
My company:
ETF Digest
My blog:
Dave's Daily
My book:
Create Your Own ETF Hedge Fund, a DIY ETF Strategy for Private Wealth Management.
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  • Northern Dancer
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    Man! I'm not impressed one iota with Citi being up 30% in 3 days. What impresses me is that so many investors can't see that without the banks buying and selling shares between each other all day long, that volume on this "rally" would be less than zero. That's not what a healthy bull market is made of. That's what panic at GS is made of. I mean, it's as clear as the noses on Bernanke's face that this is classic distribution at a top, except for one thing... there are no real buyers. That's why we're seeing sideways action as they seek to unload. But the idiots have nobody to unload to, so they buy the crap from each other in order to buy more time and sweat out how they're going to exit. To tell the truth, it looks good on them.

     

    I went so short at the end of today that after dinner tonight I went for a walk under my chair.
    11 Mar 2010, 10:01 PM Reply Like
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