ENV, yes that explosive move yesterday aftrenoon was very telling. It says that there was a big purse taking a position. Hopefully they'll continue at some time today.
In the meantime, the thousands of retailers push the price around a pip here and there. But it is the big shark that gets things moving. When she does of course, the little fish try to catch a ride.
Yesterday before the push up, someone commented that they thought it was all distribution. I didn't think so. Just because its having trouble pushing up as traders take their pips, it can mean that the traders are just distributing between themselves, whuich is not distribution within the normal definition. But when the big gun came in, any significant distribution would have kept the price down, but it didn't, hence, no significant distribution. Rather, larger position taking,
Regardless, the FA overall is looking quite sweet: rignt sector, right time, right price.
