Here are a couple day charts in some pretty large stocks today. First IBM:
And finally the the weirdest, Coca Cola (KO):
If you notice the buy program(s) start on the hour every hour, and last for a half an hour. The stocks then sell-off into the end of the hour, only to have the buy program start again. If this happens again tomorrow (it won’t sadly) we’re all gonna retire with our profits front-running it 🙂
What this does show you is how thin the markets are right now and how easily these computerized trading programs can effect the market. These are big friggin stocks remember.