Saturday, March 7, 2020

Dow Jones - Some What Recovered A Little







The Dow Jones slammed down really hard last evening. It was another bloodshed night with more bad news, more Coronavirus attacks in corporations and the US as a whole country which caused more dismayed in traders and investors. At one point, the sell down was so scary that it seemed like there was no tomorrow. Everything was bleak and nothing looked good. Suddenly at 4.30am, the market had a paradigm shift and the momentum changed. Market reversed and from -900 points, it was only -196 points. There were buyers and I followed the buying activities which I had an unrealized profit of $5350 USD. I stayed up whole night trying to catch the bottom and with this profit, I hope the market can rebound next week to give hope to everyone. Many were fearful now and let's see the next few days if more sellers are there or lesser buyers supporting.

Ronald K - Market Psychologist - A Stock Market Opportunist