04-12-2013, 03:31 AM
What I see is algo's at work. Programmed trading is the same pattern that's existed for a few weeks (years if you want to analyze different periods). The only difference is no one is there right now buying to pick up the slack. I see this as trading related only and not based on any news or changed expectations by investors. If institutional money was put to work on the long side, it would mute the programmed trading on the other side. All IMHO of course.