Hy LArri,
Original post from FactorThis..
http://www.hotcopper.com.au/post_threadview.asp?fid=2&tid=932986&msgno=322394#322394
Bowen states..
"Automated trading is a practice that is widely used on financial markets around the world, The trading behaviour identified in your emails may be attributed to trading systems being used to break a large order down into a number of smaller orders so as to reduce market impact costs or to test the level of support a security has at a particular price level."
and as you have mentioned fails to acknowledge the 'otherside', that being the capping that goes on.
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