This is where the head fake move comes in, if there are retail traders in HYG and there usually aren't many, where do you think they put their stop orders? $93.54 would be my guess, so volume should rise.
I want to see evidence that the shares were accumulated, but I also want to get in while the momentum is to the downside rather than wait for the normal "reversal process" as the best discount will be on downside momentum.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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