I am on board with that – and also agree with Mark McHugh regarding the $ and trading – it’s ALL ONE TRADE. Have been picking at some energy stocks, may do more later.

It’s kind of just meandering around isn’t it?

Right now, the best thesis I can hold onto is the following…

1. I think the selloff at 931 (from the retrace back to 956) was HUGE…It means that bulls have to put up or shut up…The onus is on the bulls to call this market up…There will be more door slamming from here on out…

2. Technically we’re probabaly looking at a range between 880 – 910 (but I even see the possibility of going down and doing a little look at 877 to scare everyone (and then a quick snap back to see who’s sleeping)…It might even happen late today…

3. You have OPEX in 8 days…So if this range of 880-910 can be set early, it sets up for a little reversal…Oil may lead a portion of that charge back…

4. I see 910 being put in on or around July 21st…After then, the selloff will start to get ugly…we might be looking at 826 within a couple of days thereafter…

I’m wondering if the restrictions imposed on ETFs is to keep clients away from them so as not to compete with funds w/ high MERs????

BTW, any takes on today’s action? S&P retested yesterday’s low and held with a quick reversal in the last 5 mins or so. USO also bouncing up off the lows…I would have anticipated we open up this morning after yesterdays close but the media is reporting with a negative bias and very little news flow. I don’t know what to make of this…

and I’d prefer to keep it that way… until I can do my own thing anyway.

:)

I suppose if it were an unsolic order we might be able to, but even then I think they have a new disclosure thing they make peeps sign, which pretty much tries to talk them out of it.

…and that they couldn’t ADVISE any of their clients to trade them at all…They could only take action if the specific request came from the clients, and even then only a select number they were able to trade…

My story probably isn’t totally straight, but the point is, I wonder how many firms have the same policy, and if so, perhaps there IS SOMETHING to the liquidity aspect & the program trading giving illusory signals…