Monday, December 10, 2018

DBS - Scary Throw Down







The market was very weak today with so much sellers. Morning, the market opened and I saw DBS was in the Top 3 in the Top Volume. I focused on that counter because it will set the tone for the mood of the market and indeed, it started throwing down crazily 25 cents down in less than 5 minutes which was so scary that it caused the other stocks to jammed and started to puke blood too. I had captured the screenshot of the most important time stamp where it showed how DBS trended down. In the 5 minute chart, it recorded a long bar down which indeed sellers were overpowering the demand. Market looks bad shape now and I believe intraday trading is the best way to go for now.

Ronald K - Market Psychologist - A Stock Market Opportunist