Thursday, August 16, 2018

Singapore Straits Times Index - 5 Straight Days of Selling

Ever since I posted my before market opened bearish outlook on Aug 10 @ 8:57am, the STI had been selling for 5 straight days non stop as every time there was a hope of rebound happening, it was dampen by more sellers overpowering the buyers. Same today for the STI, just when you thought the market hit a demand zone, it went down further. Study the Top Volume, you will see most of the stocks were suffering gap downs and heavy throw downs pretty consistently. Will the market turn up for a short term rebound? I believe so but I don't know when. I want to catch it before it happens. Let's see.

Ronald K - Market Psychologist - A Stock Market Opportunist