Selling pressure? LOL. Where? I track 2000 stocks intraday, and selling pressure of any kind is nowhere to be found on my lists, although I would love to see it. If this was written on 5/3, what planet is he on? The problem at present is clearly a LACK of selling pressure. Every dip, everywhere, is met with buying. If you're not long, you're wrong. And whenever I read of "institutions" doing this and that, the author, like Farley generally, is immediately suspect. Institutions, like the rest of us, are looking for an edge, and the idea of some type of general plan or program that coordinates among them is laughable. Can't make money? Well, it's those damn institutions! Or maybe the communists. Yeah, that's it. It's those reds!
James, Ok, right... the dark pool volume executions are not shown on the DOM but they are reported in the exchange volume sooner or later i think... 90 seconds or so... or is that incorrect... i do a lot of volume analysis and i am always wondering about what i am not getting or not picking up...
The author is clueless.. Small caps run up earlier in the business cycle, I guess he missed the biggest small cap run up in decades somehow. The rest of the article is just advanced whining, and yes, I am writing my own bots, they don't do anything that I could not do from the screen but they do it better I was working from the screen trying out a system on play money a couple of weeks back, after awhile I realized that two hours had gone by and I had not seen a really good signal....... it was right there, on the dang screen, clearly defined.... i was chatting and just never saw it while the YM ran against me about 30 points.... If you can't beat 'em you have to join 'em.
I think the author makes good points. 20 years ago we were more prone to human emotional panics. Now that the computers are trying to remove human bias we get a market that acts more like windows. It works perfectly most of the time, but when it breaks down things get out hand really fast.
Farley, you read my mind! I certainly agreed nearly 100% with what he is saying, especially the big cap run..."solitary walk" as it is known...the end of the bull. Don't get caught up in this run...it is a top in progress. RTS