As highlighted on my earlier blog post that some short covering took place, DBS indeed had some short covering where the shortists shorted last week and covered their shorts in the morning by buying up. After all the weak buying due to short covering, DBS continue to suffer selling again as of now. In the very short term, I think DBS won't be rebound much higher as it's about here because the sellers haven't abated yet. The key point is to find the next turning point to short it down or to find the right buying zone again. Let'see
Ronald K - Market Psychologist - A Stock Market Opportunist
