Yesterday I blogged about not shorting. http://stockmarketmindgames.blogspot.sg/2013/03/sti-no-short.html
Then we witnessed although STI came down, pennies are making huge % gains.
http://stockmarketmindgames.blogspot.sg/2013/03/sti-wrong-call-in-morning.html
Today, I believe most of my students who longed into pennies yesterday should look to book some profits. Today is definitely not a day I would look to long. Of course, that being said, some pennies will still run and the others either stay stagnant or move up a little. We shall see. :)
As for me, my plan is not to go long because I am so wary at the moment. Big sellers may emerge anytime to conduct a sell down!
I just saw that STI was the only index that was RED yesterday while the rest was green!
Ronald K - Market Psychologist - The Big Speculator
Then we witnessed although STI came down, pennies are making huge % gains.
http://stockmarketmindgames.blogspot.sg/2013/03/sti-wrong-call-in-morning.html
Today, I believe most of my students who longed into pennies yesterday should look to book some profits. Today is definitely not a day I would look to long. Of course, that being said, some pennies will still run and the others either stay stagnant or move up a little. We shall see. :)
As for me, my plan is not to go long because I am so wary at the moment. Big sellers may emerge anytime to conduct a sell down!
I just saw that STI was the only index that was RED yesterday while the rest was green!
Ronald K - Market Psychologist - The Big Speculator
