Sunday, August 10, 2014

Dow Jones - Team SOMM Early Morning Call






On Friday, I posted an outlook for the Dow to rebound. When I posted, it was about 7am+ in the morning where all SOMM Members saw my post. Then early in the noon, the Dow futures was slammed down -80 points because of Obama having a speech. However, the speech was not important because the ulterior motive was to move the market the up by first flushing out the retailers and that explained the -80 points crashed in the afternoon.

Soon, from 3pm onwards, the DAX and Dow started bottoming out and slowly recovering until Saturday morning where the Dow closed with +186 from -80! Can all these be predicted and foresee? Fortunately, the answer is Yes if you know how to study the Minds of the Manipulators! I also posted on Friday in the SMMG Club not to short Singapore market because I could foresee a rebound in Dow, so on Monday morning tomorrow, the STI will recover and rebound. We shall see. :)

Ronald K - Market Psychologist - The Big Speculator