lowtrade

[lowtrade]

I've got to continue about today's market action.

First remember ALL my posts about using the FIBS to judge support. Well there is only 1 thing which can cause a sell off like this! It's algo's from high freq trading COMPUTERS. What happens is once retail starts selling, the computers lock on and start selling in front of direction. This is why the indexes had an open flash crash. And the FIBs support levels failed to hold logic as they should, both Friday & today.

The US economy did NOT deserve the last 2 day market action. Is this over, Not as long as we still allow High freq trading. Which causes all this bull chit.

Circuit breakers tripped all over the market today. Both on the down side and up side. The big boards has become the wild west the OTC use to be. Only things happen much faster with todays computer trading houses.

Look at this chart. Over 10 years trading and other then the flash crash day, support levels have never been broken so far so fast before.