Just when everyone thought that the market rebound would sustained yesterday, I called it a technical rebound as posted in my private forum at 8:43am yesterday before market opened.
http://stockmarketmindgames.blogspot.sg/2016/01/yangzijiang-private-call-made-858am.html
The market has been slamming down real hard with an avalanche of sellers and the force of selling was so huge that the buyers couldn't sustain. The rebound yesterday could be just short coverings as scripts were getting limited and over due and hence one has to cover up the shorts. There were of course some forms of buying too with retailers chasing on the breakouts to only realized that today the market crashed again. The top volume as of now is all sea pool of red with many fishes floating dead above the sea level. I will be watching closely for the next turning point.
Ronald K - Market Psychologist - A Stock Market Opportunist
