NISH |
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Sunday, March 26, 2006 |
Tuesday, October 7, 2008 12:08:56 PM |
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Wish I was here to discuss this when this thread was active.
I agree with scottnlena that most of the articles concerning the end of the uptick rule are over exaggerated and fear mongering. We have (or are) gone though a period where credit markets were unstable this is the only reason for declines and volitility. Prices fall faster because fear is a greater emotion then greed. Shorts on a up or down tick add to the future supply of buyers. Manipulation by "insert entity here" is the cry of the weak who fail to take resposibility for thier errors. The current market structure is much different from '87 and comparisions are unfounded and untrue.
If you are a technical investor or trader best not to worry about these issues. Like others have said etfs have been shortable on a down tic for some time. You should only concern your self with how these changes may effect the patterns you use to base your decisions on.
NISH
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