Normally stocks follow a Fibonacci wave form (also called Elliot waves). Elliot waves have a pattern of 5 upward waves and 3 down waves, and have a fractal quality to them over various time spans. The patterns below are sawtooth wave forms in the markets indicating machine trading on the hour and every hour. Sawtooth wave forms are found in digial electronics, and its weird to see them mirrored in the stock market. Some single individual or group is doing this strange buying behavior. This is not normal crowd dynamics at work.
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