RE:RE:I'M LUVIN the chart pattern here.morning all
What we have been seeing over the last few weeks is “Algorithmic Trading”… Large institutional investors deal in a large amount of shares have moved in, they are the ones who make a large use of algorithmic trading. It is also popular by the terms of algo trading, black box trading, etc. and is highly technology-driven with no human emotion and has become increasingly popular over the last few years.
In this type of a system, the need for a human trader's intervention is minimized and thus the decision-making is very quick. This enables the system to take advantage of any profit making opportunities arising in the market much before a human trader can even spot them.
By the way…the algo pattern this morning is a hard strengthening upward trend…
GLTO
n