RE:RE: fdfd12 CALLED IT TODAY!
US computer thing=
I have heard that 70% of the volume traded in Toronto are from US firms.
I have also heard and seen that most of the trading is done by computers. Companies put in algorithms in the morning and these computers buy and sell when it hits the programmed computers requirements.
Ex: A firm picks an oil stock lets say Suncor and writes in the program that when the price of oil jumps more than .10 in a 5 minute span, buy 20,000 shares of SU and/if the price of oil drops .10 in 5 minutes, sell 20,000 SU.
At the end of the day, the people with this programs DO NOT KNOW what they have bought. They look and see if their program writing worked.
This is the way most trading is done.
MORAL OF THE STORY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We have to see which stocks are in a position for the computers to wake up and start buying today.
I noticed a flag on CXR and knew that if it broke yesterdays high, all the computers would be
jumping in to buy it and drive the price up.
This is what happened.
I hope you all understand.