The Dow dropped 1000 points last night. It was the most fearful day of the week and it was the biggest drop in one day after so many years. It''s something that don't happen everyday and I am blessed to witnessed it 2-3 times so far. While it dropped 1100+ points @ opening bell, it 5 minutes, it recovered 600 points which was simply terrific where that 1100+ points drop created a maximum fear all over the world.
Today, as predicted yesterday after market closed, the market will start to have a rebound. The STI will start marching upwards after so many days of massacre. Most blue chips will start rising and my game plan is to finish all trades within intraday. It's too volatile to hold overnight.
Ronald K - Market Psychologist - A Stock Market Opportunist
