Markets Close Up, Low Volume, Some Late Profit Taking
From Econintersect Combined RSS Feed
January 17, 2013 - 4:28pm
Closing Market Commentary For 01-17-2013
Today's session illustrates clearly the problem analysts, like myself, have with this market place. Too much damn guessing and most of it is no better than throwing spaghetti on the wall to see if it sticks. The HFT computers were most likely the reason for today's melt up action during the afternoon, as most traders, like myself, are sitting and waiting to see if this 'house of cards' is going to continue to stand.
Markets closed at new highs with a brief bit of profit taking during the final minutes of the session and muted volume.
Read more »Original post blogged on b2evolution.
January 17, 2013 - 4:28pm
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