Wall Street gained 2% after 45 minutes of opening, 2.2% from the first hour, but after this initial acceleration, nothing! It’s like Wall Street froze: indices fluctuated within a range of 0.3% amplitude for 6 hours. Such perfection of lateral consolidation is only obtained with the help of algorithmic robots.
The goal was set at the opening (to ‘stick’ to the European indices) and then it was done so they do not let go of their initial advantage. This is made much easier now that operators are used to seeing robots operate: once it becomes clear that they take control of the trend (the border with the outright manipulation of the courses is very thin ), using as it does no one becomes clear that the market will go nowhere.
Operators, however, were surprised by the acceleration occurred shortly after 3:55 p.m.: it was caused by an unexpected rise in the index of consumer confidence in Michigan that emerged sharply higher in November 64 (against 61 expected), despite sluggish growth, a sluggish job market and house prices taped to the floor.
In initial increase 1.1%, the Dow gained rapidly in the double … before leveling off: he won the final 2.2% to 1.4% and 12.150Pts the past week.