The graphic below pretty much says it all.
The momentum of the Buy Programs accelerated at the open and then, go figure, the Dow runs up 266 points.
To us, what transpired was an injection of above normal Demand. The downstream effects of this Demand requests, created by the Buy Programs, was that the market had to roll up on the price ladder in order to match buyers and sellers. This is the essence of TLA (Transaction Level Analysis).
Hope that you found this interesting.
The momentum of the Buy Programs accelerated at the open and then, go figure, the Dow runs up 266 points.
To us, what transpired was an injection of above normal Demand. The downstream effects of this Demand requests, created by the Buy Programs, was that the market had to roll up on the price ladder in order to match buyers and sellers. This is the essence of TLA (Transaction Level Analysis).
Hope that you found this interesting.
Leave a comment