looking for a short term bounce to $1.40, page-14

Today's volume is below the average volume of last 22 trading days. So, It did not seem that there were big boys who wanted to get out today.

Why such a volatile market? Even those so-called blue chip shares dropped more than 3 % with BHP 4% down, RIO 3.8%down and CBA 3.68 down. A very possible factor to such a volatile market is High-Frequency Trading. HFT detects more sell orders at lower prices during the time of bear market. As a result, HFT can push down the share price to force sellers trade at lower prices. The opposite holds true for buyers during the time of bull market.

The following is a link to an interesting article regarding HFT:

http://www.webofdebt.com/articles/computerized_front_running.php



With more than 170M shares on issue, the daily trading volume is only around 1.5M. So, that could indicate most holders' confidence in BTA still holds well. Risk and Reward have got a positive relation.


Good luck to brave holders.