This morning I made a call to book some profits off from Swiber.
http://stockmarketmindgames.blogspot.sg/2013/05/swiber-booking-profits.html
During that time, the price was hovering around 0.7-0.71. I was concentrating watching from 9am to 9:15am before I start blogging and made a blog post at 9:18am. Within 15 minutes of scrutinizing and watching the activity of Swiber, I was able to deduce that the BBs were going to book profits and off load some of their shares. At that time, many thought I was just guessing because the price was still strong and maintaining around 0.7-0.71.
Hours passed by and from 9:18am to 3:30pm, if one were to look at the minute chart, there was a long trading range. No one knows if it was distributing or accumulating. However by using Mind Analysis and the activities I saw earlier from 9am-9:15am, I knew it was profit taking day today and hence the trading range maybe distribution.
When BBs conduct certain modus operandi, a skillful Mind reader would be able to deduce their ulterior motive and make forward projection of impending outcome before any Big Volume Selldown or Distribution. Technically, there is no need to wait and see distribution/breakdown before deducing it will trend lower, that's traditional Technical Analysis. By employing Mind Analysis, one can be faster than TA. So I was able to see distribution before it happens?? You bet!
So the market closed at 5:05pm and Swiber closed at the day low of 0.68/0.685. Did some profit taking took place? You got the answer!
Ronald K - Market Psychologist - The Big Speculator
