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Thursday, 08/05/2004 1:06:30 PM

Thursday, August 05, 2004 1:06:30 PM

Post# of 704044
The swings in the tick are getting bigger and bigger. That is telling me that the program traders are having to use larger programs to try to get the market to move their way. These big programs are being met with equally as big moves to the downside on the tick. 200 point moves in the Nas NMS tick on the one-minute chart use to be rare. Now I see many over 500. I think we had 4 within an hour yesterday between 1:30 and 3:00. These intraday swings in buying/selling sentiment are not good.

Joe

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