On Algos Collectively Increasing Equity Prices

From the commentary section of my Zero Hedge article,

At each open, algos compute the increase in their AUM from the prior day and their margin reach.  They then begin buying.  All algos do this.  Buying whenever cash/margin exists; selling whenever profit targets exist. On pullbacks, the algos withdraw, volume evaporates, minmizing the drop.  The algos collectively increase equity prices without consideration of the value of the money involved.  No valuations.  No fundamentals.  Just ones and zeroes.  Just a program.