Trading action today is phenomenally computer driven. The algorithms are having a fierce battle against one another and are keeping price action confined to a very tight range with incredible precision. If you open a Momentum bar chart set to have a new bar form with each one point move and load up the @ES (S&P 500 Futures), you can see how non-human-like the action is. See video below:
Tuesday, November 2, 2010
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