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The point is $25.80. Either there is a monster buyer at this level or the HFT are rallying and defending this level. Either way, be careful if either one goes away.
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Man, slow days in the market are dangerous for idle and bizarre minds (mine). The more I dig, the more questions I come up with. Today I am questioning the whole rebate trading game (payment for order flow by for-profit entities and exchanges). Some of these exchanges actually have accelerated rebate programs. Instead of paying their subscribers their monthly rebate in a lump sum at the end of each month, these exchanges actually pitch to the marketplace as an advantage, that they will pay the rebates WEEKLY instead, which will help brokers meet their net capital requirements with the regulators.
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