Thursday, January 16, 2014

HSI - Heavy Correction After The Gap Up




Well, techincal analysis is great, however Mind analysis will bring it to a whole new level! Why? Look at this whatsapp message. 9.09am, someone asked me about the outlook for HSI. Now we all know HSI opened at 9:15am, and at 9:11am, my outlook was gap up short. So the moment the market is opened, just short it and instantly, the index came down, without even an attempt to rally! In technicals we looks for some sort of "magical" trendlines or support or resistance, in mind games, we execute right on the spot when the BBs are booking profits. It's a game ahead of technicals. http://twitter.com/ronaldksmmg



In future, more of such calls will be posted in my twitter rather than sms or whatsapp. Please kindly follow me if you are interested. It will save you from silly mistakes! http://twitter.com/ronaldksmmg

Ronald K - Market Psychologist - The Big Speculator