The market was pumped up by future contracts this morning....program trading due to TRIN came later. I was one of the momentum traders he referred to that bought into the market but I made money... not sure what his points are... there is always program trading...as a matter of fact there are trading techniques to trade options alongside program trading years ago...don't tell me he is just aware of them...
In any case, the market was consolidating to go higher with or without program trading...