Monday, October 28, 2013

Sky One - The Minute Chart Punting

With all the good news in US and with the Dow up 61 points last Friday, concurrently with the Dow Futures up 65 points earlier, the STI closed weak today with only 2.6 points! What does it imply? Weak or Strong? With everyone still looking to long, we went shorts last week and already made our first round of $$.

As the pennies continue to be trading very volatile, I prefer to trade Blue Chips, but of course, if you are risk taker, you can use the minute chart to bank in $$ just like my students when I taught them how to do so in Sky One! Continue to watch this blog space, more to come soon!

Ronald K - Market Psychologist - The Big Speculator