Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens.
In this screencast I show a bit of algo action and some smaller time frame trends which can last for over a day - quite lucrative. I've adapted to the vacillations of the market as I can't see the sense in waiting ages for decent profits when there is loads of lovely volatility within trend envelopes to exploit in lower time frames. If I can exploit a move of 100 - 200 points in a day or two I think that's fair enough.
The greed and hope in these markets have created lovely opportunities - which can be exploited with the right level of discipline.
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Watch the algos on Sunday night as they pick up breaking news of a worsening situation globally.
The situation in Iran grows worse - 5 dead (at 2020-02-22 10:59 GMT).
South Korea struggling with an outbreak of virus.
COVID-19 is now being referred to as 'Disease X' - a fatal global scenario conceived in theory many years ago. (I did not say it was labelled as Disease X - as yet). Algos magnify the fears of their masters.
Algos may well do the opposite of what is expected - this happens. At times it is opportune to enter on the unexpected pulse. (This is not advice - much experience needed - high risk in this).