Monday, January 14, 2013

Banks - The Crashing of Big Brothers

Ever since I called for the high in STI, most of the banking stocks like DBS, UOB, OCBC all reached their highs that day (except DBS and STI) and started to tank down.

While STI continued it's bull run for the next few days after I made my call, as you can see from the screen capture, it was all short lived. STI only went higher a few more points before it all started collapsed again. The banks were showing their signs of fatigue which signals probably the end of the bull run at the moment. When the big brothers in the stock market start to breakdown, it tells you be on high alert, other sectors are next.

Ronald K - Market Psychologist - The Big Speculator