"Technology has spurred changes in trading mechanism that likely contributed to Thursday's Market Meltdown," screams Barons this past weekend. Answers and fixes, they want. And then sometime we'll get back to the faulty financials.
News, triggers, explanations that these 1000 point high frequency trading drops or climbs could occur again without more regulation to a newly evolving industry within Wall Street.
The market continued up, all bullish signs ahead, and had hit Dow theoretical tops of 10,950, before trying to settle back at resistance lines.
It is likely for a pullback, everyone says, and it is just as likely that the market will close soon above 11,000. We continue to only buy to the call, noting the lower bell curve count of 5 because of the whipsaw. There may be room for just a bit more upside, and surprises.
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