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02/04/2012 Weekend Watering

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SWalsh
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Joined: Thu Dec 29, 2011 5:07 am

Re: 02/04/2012 Weekend Watering

Post by SWalsh »

NANEX is trying to generate support to stop quote stuffing, otherwise known as institutionalized rape. If that sounds severe to you then that is EXACTLY what the HFT guys are hoping you think. If you are new to trading in the last few years then you cannot fully appreciate that they have their programs set to destroy classical TA. There is no method of trading that does not risk losing far more than you thought possible if on the wrong side of them.

5 years ago, if you could enter 10,000 quotes per second and had no intention of them being filled they might have actually shut you down and prosecuted you. Now the NYSE is leading the charge to rip these machines out as the government does not even understand what they are doing sufficiently to prosecute them. Therefore, it's easier to just ban the practice which is taking an estimated 25% of any mutual funds profits in a given year because they can. They are also ruining Wall Street as the world's center for raising capital.

If you cannot take the time to read this short article and follow the links, sign what I think is a petition, and write a very brief note that you have seen their devastation and want the mkts back as they were before they are ruined in a massive computer driven collapse, then you will have no one to blame but yourself when you are either out of business and/or broke from having your pocket picked.
http://www.nanex.net/Research/QuoteStu ... anned.html


I have posted a number of HFT activity charts that have moved the mkt and changed trends in an instant during the last few weeks. I hope people have realized those quotes are nothing but manipulation as well as raping orders that they see being placed on the book.
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
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