Today Ezra announced a good piece of news. However this good piece of news was quickly washed away down the drain with price declining with an avalanche of sellers. A normal human would always think that a good news would always drive the stock up while bad news would drive the stock down. In reality, that's not so the case when it comes to the stock market. Good news is normally an opportunity for the Big Boys to book profits while bad news are for them to absorb lower. The chart also plays an important role because one has to determine where the good/bad news were located at which point of the chart. Because technical analysis cannot determine the exact point, one has to leave it to mind analysis. :)
source of news: http://sgx.i3investor.com/
Ronald K - Market Psychologist - A Stock Market Opportunist
