More nonsense from Zero Hedge
Posted on | Monday, September 28, 2009 | No Comments
Intraday Market Observations (For The Three Computers Who Are Actually Trading)
After a very weak start to the day, the dollar has regained all of its losses. Bonds are trading appropriately. However, don't tell that to the few computers who are pushing stocks to each other today: stocks are still at the days high supported literally by no volume.
Volume is comprised of BUYERS and SELLERS. If there is no volume, (there isn't, the pit was generally less than half full) there is a lack of buyers and sellers which is why ES is sideways. That's not manipulation. That's a function of supply and demand.
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