If you know that hedge funds start the day with 70% cash and finish a trading session with 70% cash than it’s clear why stocks were hammered in the end yesterday on Wall Street.
And it is also understandable why shorting is much more rewarding with this kind of strategy than going long: it takes less effort to push a stock 20% lower than makes it rise with the same percentage.
We saw yesterday on our renko charts the come-back of sector which has his own difficulties. Coal producing companies are not popular for the moment.
But our renko chart offers an buy signal
And it is also understandable why shorting is much more rewarding with this kind of strategy than going long: it takes less effort to push a stock 20% lower than makes it rise with the same percentage.
We saw yesterday on our renko charts the come-back of sector which has his own difficulties. Coal producing companies are not popular for the moment.
But our renko chart offers an buy signal
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