Market Neuromancers

[pmbug]

Many of you will likely remember ZeroHedge's post a few months ago about HFT algos scouring internet headlines and trading on them faster than humans can react. It appears that the market neuromancers have latched on to ZeroHedge's own twitter feed.

Does twitter now empower the blogosphere to move markets just like the PPT? If the impromptu call for twittering "GREECE DEFAULTS" at 10:30am today materializes, we may find out.

 

[DSAbug]

I know that zerohedge wants to take credit for that but, it was much more likely that the drop could be attributed to gold being overbought on a 60 minute chart and failing at resistance after testing it 3 times in 3 hours. Some sort of retracement should have been expected. MAYBE they could say it triggered some stops but beyond that...

 

[DCFusor]

Some of the other discussion mentioned the idea that everyone there should tweet some default message at exactly 10:03 today to see what happens. Sounded like quite a few got onboard with it, we'll have to watch and see.

Like one of my sigs says - why guess when you can know? Measure!