Quote from Lawrence Chan:
The buying is unreal ... keep scooping 3 ticks higher again and again to just spook the shorts to cover and lure buyers in.
Seems like someone wants NQ to close above the neckline, and claim victory thru the media right after.
Honkong + 0.84 %, Shanghai + 1,40 %.
Hedge funds focused on Asia generated the biggest returns in almost a decade during the second quarter as stock markets in the region rallied strongly, Chicago-based Hedge Fund Research said Tuesday.
An HFR index that tracks managers trading in Asian markets excluding Japan jumped 18.86% in the quarter, the strongest quarterly performance since late 1999, HFR said.
