Algos are the ONLY thing moving markets anymore. The Markets are almost , strictly the 1%'s..............Oh it was fun while it lasted.................
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Submitted by Tyler Durden on 05/01/2012 10:36 -0400
Since nobody else is trading anything today, we wanted to show readers, courtesy of Nanex, just how it is that the only market participants in the past year, that would be robots of course, traded the ISM number. Pay particular attention how the size book in the E-Mini contract virtually disappeared two minutes ahead of the number as everyone shut down and was merely awaiting the headline at which point everyone who trade in the same direction.
01-May-2012 ES.M12 Price and Size Depth of book plus volume.
http://www.zerohedge.com/news/ism-print-through-eyes-trading-algo?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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