wow how insightful, its almost as if large caps are correlated with the market... seriously, you've found an instance where the 38% fibonacci has coincided with a movement in the index and you are using that and evidence of correlation to 'prove algorithmic trading'.
First of all, algorithmic trading obviously exists and second, those two distinct observations of the fibonacci level and the correlation don't do squat to prove any sort of causal relationship. This is so lame
I'd say if you want to see proof of any AI type algorithm at work you should look for #1 violations of trend-lines and curves that are rare, suddenly becoming a lot less rare and #2 adaptive changing of buy/sell patterns so that 'no matter what' the markets 'were doing' that after a given point in time, the end-result is aimed for very clearly, and an algorithm 'gets you there' (close as possible). Look at profit/loss projections best you can manage. That's where it's hiding.
oh, and another point. If a person has a sector or market indexed ETF/fund, SPDR, that kind of thing, wouldn't a buy or sell in units of that actually mean a buy or sell in all the underlying assets, also causing particular spikes to be synchronized?
they don't know what they're doing. But one detail is glossed over here: currency values are affecting, elevating equity prices as exchange value decreases, not just in the spike mentioned (as a factor) but all over.
Hairy, i agree. i was a little enthusiastic. i just thought that retracement was purely algo based. 50% of the volume's algo. ds
kitefrog 1 year ago
wow how insightful, its almost as if large caps are correlated with the market... seriously, you've found an instance where the 38% fibonacci has coincided with a movement in the index and you are using that and evidence of correlation to 'prove algorithmic trading'.
First of all, algorithmic trading obviously exists and second, those two distinct observations of the fibonacci level and the correlation don't do squat to prove any sort of causal relationship. This is so lame
HairySasquach 1 year ago
This has been flagged as spam show
Nonsense, you have no idea.
TheJim100000 1 year ago
of course, its been the case for 15 years. I meant to suggest this was the algos in action, but maybe not, the markets are complex.
kitefrog 1 year ago
i thought people already knew this....
papercut272 1 year ago
Crap
Investrite1 1 year ago
I'd say if you want to see proof of any AI type algorithm at work you should look for #1 violations of trend-lines and curves that are rare, suddenly becoming a lot less rare and #2 adaptive changing of buy/sell patterns so that 'no matter what' the markets 'were doing' that after a given point in time, the end-result is aimed for very clearly, and an algorithm 'gets you there' (close as possible). Look at profit/loss projections best you can manage. That's where it's hiding.
ytgv3fc7 2 years ago
oh, and another point. If a person has a sector or market indexed ETF/fund, SPDR, that kind of thing, wouldn't a buy or sell in units of that actually mean a buy or sell in all the underlying assets, also causing particular spikes to be synchronized?
ytgv3fc7 2 years ago
they don't know what they're doing. But one detail is glossed over here: currency values are affecting, elevating equity prices as exchange value decreases, not just in the spike mentioned (as a factor) but all over.
ytgv3fc7 2 years ago
it means, weak AI. autonomous computers that send orders to the market that use humans don't even see. the black boxes as they are called.
kitefrog 2 years ago
nice dude but exactly what is algorithmic trading ?
KLguy133 2 years ago
man u should use screen capture video
aonutube 2 years ago
cool
bizroski 3 years ago
Interesting find man ,hope these people know what are they doing.
brzytwasyn 3 years ago