Friday, March 22, 2013

STI - Gap Down

Yesterday I warned about sellers may emerged. Not only did I blogged about it in the public domain, I also reiterated it over and over again in the SMMG Club.

http://stockmarketmindgames.blogspot.sg/2013/03/sti-cautious-sellers.html

Why? Because in a volatile market, there are no trends, no directions, only occasional rebound/collapse here and there to catch longists/shortists. To beat this market, one would need to employ a hit and run strategy and all trades must be closed within the same trading day. So today, we shall see a new wave of sellers emerging in the market shorting and selling. Be on guard for your long positions!

Ronald K - Market Psychologist - The Big Speculator