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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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Dave's Daily
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The Best ETFs: U.S. Equities (A Companion Guide To Building Your ETF Portfolio)
  • Ctrl DOW Delete 1 comment
    May 6, 2010 7:29 PM | about stocks: MDY, IWM, QQQ, AAPL, PG, XLF, KBE, XLY, XLB, IYR, IYT, IEF, TLT, TBT, FXE, FXY, GLD, DGP, DBC, XLE, DBB, EFA, IEV, EPV, EEM, EWA, EWZ, BZQ, EPI, FXI, FXP, DOW

    Ctrl DOW Delete

    It was a simple mistake according to CNBC that will surely lead to months of congressional hearings and SEC mandated “Computers for Dummies” classes. Stocks were heading south and, as the story goes, someone entered an order for billions in lieu of millions. Then the High Frequency Trading algos kicked-in exacerbating the situation. You’d think these computers would have some kind of governor on them to prevent such occurrences.

    So, with the DOW down 900 point or so, I guess this was a buying opportunity for those in the know and with the guts to do it. Frankly, who’s to say? The bottom line for me is Main Street won’t like this and it will only deepen their distrust of all things Wall Street and keep markets a trading desk and hedge fund affair it’s been.

    Yesterday we posted a few charts with DeMark Indicators that reliably tell us a trend change, or at least trend exhaustion, was ahead. While not precise to the percent, these dominated many important markets given them added dependability.

    Of course, all of this....READ MORE! 

    Sign up to receive free Dave's Daily notifications sent to your email address only at http://www.etfdigest.com   

    Stocks: MDY, IWM, QQQ, AAPL, PG, XLF, KBE, XLY, XLB, IYR, IYT, IEF, TLT, TBT, FXE, FXY, GLD, DGP, DBC, XLE, DBB, EFA, IEV, EPV, EEM, EWA, EWZ, BZQ, EPI, FXI, FXP, DOW
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  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    no matter the reason for the big sell off the world markets have been hurt from the markets unexpected vertical 9% fall, forget about new money coming into the markets, I dont think many investors will want any part of this market, those who have been out will stay out even longer now, those that have been riding and enjoying this unprecedented rally will probably want to protect the "gift" provided by it, expect much more volatility and lower prices going forward, will we retest the 09 lows, anybody willing to stay invested to see, thats the conundrum
    8 May 2010, 08:52 AM Reply Like
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