Stock volume looks like churnLike most of us, I follow TLT daily and watch the bids and asks and the volume. We all have a sense of what happens for long stretches. What it looks and feels like. How it behaves when PP's are announced, etc.
Lately there is a much higher volume which doesn't feel organic. I mean that it doesn't feel like normal sellers coming in and wanting some shares. Nor does it feel like people exiting by selling as that would be done strategically compared the ASK bombing that we are seeing. The way the asks immediately adjust with a new 140,000 shares being listed just above the current price within miliseconds of a block purchase.... Seems algorithmic.
All in all, I'm just saying the that high churn of shares feels not driven but actual investors.
If anyone can explain it in a sophisticated way, please enlighten.