Hello lowtrade. I have followed your charting (on and off) for a few years now. And I've learned a lot (thank-you!). I don't trade penny stocks any more, so much of what you post is of limited use to me these days. But I always pay attention when you post big board stuff. You mention HFT, but who is behind the HFT? I agree that it is a manipulated market. Has been for a long time. After all, the Fed had a lot of work to do to recover this market from the 2008 debacle. My take is that while HFT is certainly present, the central banks are largely behind the unusual trading patterns we see. In the form of liquidity, which is not limited to POMO in my opinion. I think POMO is just the "transparent" portion of their activities, but I have no doubt that there is significant liquidity action coming from the Fed (and other CBs to perhaps a more limited extent) that push this market around. And it isn't just limited to expansion. I track liquidity and it was well into contraction at the recent bottom of the market. It hasn't been often the Fed has sucked up liquidity like that the past few years, but I suspect they were trying to set-up an election rally and had to back off the bulls first because sentiment was just too bullish (that was the investor psychology). Anyway, do you think HFT is related to the liquidity action? Or is it separate. I'm just curious what you think about that.
