Gtarras

Stopped out of Trades, Will There Be a Reversal?

"If you look at a lot of individual stocks intraday, you can see they swoon down when the S&P broke both those levels. Which shows you again, what you own means very little nowadays - we're all hostage to machines, and the program trades swoop out of everything at the same time in parallel with the overall indexes. It really is such a sea change from even 3 years ago - this is why I keep repeating it."

I observe in amazement the nearly geometrical patterns the daily charts of my stocks produce. If it is a down day, the stocks would follow an invisible line down for few hours, then a straight one, until the closing minutes when somebody need to close a position one way or another (and then the line patterns disappear). Same with up days. But for most of a day, it is a pure robot trading. UNBELIEVABLE.