Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (85430)	2/14/2009 5:05:45 PM
From: GROUND ZERO™	Respond to of 94695

What about ERX, I looked it up on that site but couldn't see where it would say what it is, an ETF or ETN...<g> TIA GZ

To: Real Man who wrote (85430)	2/14/2009 5:55:30 PM
From: GROUND ZERO™	Respond to of 94695

Okay, it was right there near the top line, ERX is an index ETF... that's a great Website, thanks for posting it...<g> GZ

To: Real Man who wrote (85430)	2/14/2009 10:56:26 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

I've also noticed another thing about these oil ETF's... everyone of them is in a major decline despite the fact that the futures market has leveled off in recent weeks, not counting this past week's price break lower... But now, presuming these ETF's follow the futures contract, then once the futures contract goes off the board, then only one of two possible things can occur... one, that the ETF pops up a few points to meet the higher price of the next futures contract as these monthly contracts roll over and prices move lower towards the current cash market, OR the ETF simply continues lower regardless and without any pop... it may be the latter, since I don't see any upward pops in the ETF charts... if this is the case, then all these ETF's will simply continue lower until they get down to .01 and finally go off the board as worthless... this would mean that these ETF's are nothing but a hopeless hoax and cannot rally... It seems only one of the two above possibilities can occur... where am I going wrong, what am I missing here? GZ