IMO nobody is selling and someone wants to buy, they play their games in the morning to see what little they can mop up, and then buy what they have to at the end of the day. All very bullish on the charts at the moment with a nice tight upward trading range. I'm picking some positive news in the upcoming quarterly (i.e. that upfront payments are on track on ahead) and this is a slow build up to that point.
An observation I made this morning - notice the correlation between the number of recent posts on HC and the SP? Has been very quiet of late with the festive season, and not a lot of debate. No up or down ramping, and little emotion, so the smart money aren't getting any sentiment signals from us. Most of us longs are just waiting quietly and patiently (and confidently) and the volatility appears to have settled down. Could be that it has nothing to do with anything, but thought it a potential correlation.
IMO nobody is selling and someone wants to buy, they play their...
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