Comment: Market Algorithms Are Quite Common

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Market Algorithms Are Quite Common

...due to the fractal nature of financial markets. Fractals occur at all time scales and can appear similar to each other for a time. Eventually the similarities end. It is possible to see the current market resolve in a manner similar to 1929 (on a smaller scale), but I don't believe there are any instances in recorded history of a financial panic occurring during this time of year (they are almost exclusively autumn events). Fascinating chart though.
http://www.elliottwave.com/freeupdates/archives/2013/06/11/T...