Tom Usher commented or added the following:
"... the Nanex charts offer a window onto a kind of market behavior that's fascinating and oddly beautiful."
There is nothing beautiful about it, oddly or otherwise. It's utter darkness. It is the manifestation of the dark side.
The charts represent stealing, greed, and death by the one who can kill you in Hell.
"Donovan said that quote stuffing or market spoofing played a role in the Flash Crash, but that event appears to have had so many causes and failures that it's nearly impossible to apportion blame. (It is worth noting that European markets are largely protected from a similar event by volatility interruption auctions.)"
"There are ways to prevent quote stuffing, of course, and at least one of the members of the Commodity Futures Trading Commission's Technology Advisory Committee thinks it should be outlawed.
"'Algorithms that might be spoofing the market are something that should be made illegal,' said John Bates, a former Cambridge professor and the CTO of Progress Software."
Now that this is know, who's doing what about it if anything? Of course, the plutocrats aren't going to stop themselves.