Feedback in tonight:
“Mike: What do you think the effect of automation is on this year’s markets? To me its business as usual, to some others they think its the end of the manual trader. What do you think? is there any data existing to show how computer automated trading increases have really changed the markets?”
1. Trend followers in many instances have been automated for 40 years. What’s new there?
2. What about markets has changed?