RE: Late trades ...8 Nov 2018 09:04
Biffa ... you dont just hit the 200sma and tech systems all sell (or buy) it.s gradual. Yes it.s an important point(200sma) but then again so is the 200ema. They are key trading areas for auto programmes as we are seeing. Also, as I said in earlier posts, context is key. Hurr is in a period of inactivity with the AM voyaging (later than anticipated clearly) ... we.ve got barely any fundamental news driving this at the moment but we do have tech trading systems acting quantitatively. These newer trading systems prey on the margins /fusion of fundamentals and underlying tech trading data. Throw in the general mkt malaise, Brexit etc and you will have 'noise' /disparities which will be analysed by the quant progs and 'played'. Hedgies do this ... why do you think Marhall Wallace is upping it.s shorts? I believe it.s not a convi play but a pure hedge play, as it will hold long too but below declarable levels, something it is very good at doing. You also need to look at short term TA in the context of longer term cycles/patterns ... and it aint fun at the moment.
Ps Biffa ...you say there wasnt a sell off ...there was as the sp approached the 200sma, already having broken other key sma techs. It.s not funds or TA stuff separately tgat drives sps but both ...but particularly TA in times of 'waiting'. Not going to argue with you ...