Petsamo wrote:Ouch! Did we get bad news?
As you'll see below, some animals are more equal than other animals.
I was looking at the hourly 13/34 and itching to go short. But Mr
HFTGuy said he was going to get a strong turn and it did have that
shape or a possible cross back to positive, so I did not add to a small short.
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HFTAlert comments:
Opening Read Jan 31:
Signal weight has opened extremely strongly positive at +1961, the
Slope -198 and the Change very strong at +150. At this level of
signal weight we'll get an early slope change up signal within 1.3
bars (Slope/Change=#of bars). I am somewhat surprised to see such
strong signal weight but it is what it is. The bullish pattern
continues.
UPDATE 10:15 I am so irritated! The 10am bar was the result of a
news algo that ran BEFORE the news came out. See my 10am posts at
http://www.stocktwits.com. They ran the price down 1 second before the news
hit, then even more at 10am exactly. A total of a 67 cent range in 1
second! AHHHHH. this is total manipulation and a perversion of the
market.