Don’t let Friday’s short covering, “sucker rally” fool you, market indicators continue to weaken. I’d be willing to bet that if you pulled up a chart of any of the stocks you follow, that most if not all would be lower as of Friday’s close than Monday’s open.
One week ago, I reported that a “slow-bleed” market sell-off was under way. As bad as last weeks report was, it pales in comparison to this weeks. A week ago, there were 25 individual sectors ...
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Brandon:
As soon as siri hit .95 on Friday there were a series of consecutive buys over several hours until the price closed out at .99. Tens of millions of shares being bought without the customary “stutter step” of a red buy signalling a sell order.
Can it be assumed from this that institutional “bots” are presently programmed to begin purchasing siri at .95?