Not necessarily. That hypothesis rests on the basis that the market is still majority human-traded. Quote the article: High frequency traders, devoid of any re

Not necessarily. That hypothesis rests on the basis that the market is still majority human-traded. Quote the article: High frequency traders, devoid of any real demand from buyers of the futures contract, began to quickly buy and resell contracts "generating a 'hot-potato,'" the report said. So this is algorithms-against-algorithms. I would wager that in intraday trading, human minds play a relatively small role, because mechanical methods break through the emotional barriers that plague pure discretionary trading. Most good daytraders will develop a signal system to guide them, even if individual trades use manual entries and exits.