Friday, October 12, 2012

HFT Ruled Market

You don't have much zig zagging in this market.  It is just find the direction and go there, and stop, and flat line.  This is what has happened for the past 4 days.  The market just looks dead, not many humans involved, just bots battling against other bots.  We are closer to the support this market should find but it doesn't "feel" like a bottom.  The volatility is low and everyone is just watching.  You need action and traders to trade to create bottoms.  We might have a rally anytime now, but I don't think it will last more than 2 days from these levels. 

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