29 SEP 2010, Wednesday (Early in the trading day)

• Just my opinion but this HFT is really getting out of hand.
• Above is 2 weeks worth of a 15 min chart of the NY Stock Exchange's Advancing Stocks minus Declining stocks.
• I provided a 2 week look so you can see how this differential normally moves.  Now, look at the far right side of the chart which depicts the first hour of trading this morning.
• I'll leave it to you to draw a conclusion, but as for me...the chances of a pattern like that occurring in a free market are absolutely nil to zero!  Only computers have that kind of precision.
• This sucks!!!
• BUT...Great news!  Congress votes to postpone vote on taxes and adjourns for the session to go home and campaign.  House Speaker Pelosi is rumored to hand out "protective devices" to the Democrats going back to swing states so that they may be prepared to defend themselves if they say anything stupid in Town Hall meetings.  Isn't that thoughtful of her!