Monday, September 30, 2013

STI - The Bigger Picture

Today the overall market (STI) will gap down. This time round I am speaking in the context of Blue Chips and some pennies. There were simply too much sellers and most buyers had unloaded right at the top like myself on my recent unloading in Metech Int.

Last Friday, I made an accurate yet subtle outlook for all my students in the SMMG Club. I said: "In the bigger view, I think the market is overall bearish. It's super tricky to trade at the moment."

So today, just be careful of all your longs. The market is saturated with sellers, it's not looking right. I am bearish.

Ronald K - Market Psychologist - The Big Speculator