Yesterday's action in Wilmar was distinctly bearish where overtly supply was detected. The sellers were in control the entire session where buyers were vitiated by the amount of selling pressure. The sellers are now ghoulishly grinning where they expect to see the stock continue down south. We shall witness.
On another note, I have no more long positions. Tested the market a few times yesterday and I knew the rally would not sustain. I went short instead and true enough the market trended down beautifully. Today, I will not chase the market but instead look to book partial profits.
Ronald K - Market Psychologist - The Big Speculator
