Thursday, October 11, 2018

Dow Jones - Deficit -831 Points in 1 Day

The Dow Jones crashed big time last evening. Before the crashed, the amount of profit taking was huge and the sellers were distributing up the ceiling. Slowly by slowly, the support cracked and the Dow smashed down on the support 2 times before it took a nose dive down south. In the daily chart it has reached a selling with a strong COB on the downside yesterday while in the 5 minute chart, the stock just lacked of strong support and continuously being sold down. News were bad and gloomy and is the bull finally over? I will share this piece of news in my private sharing session soon.

Ronald K - Market Psychologist - A Stock Market Opportunist