STI broke down yesterday after all the profit taking and weak buying. This is the first time that it recorded a -33.08 loss after many many months and to me that spells trouble in the near term. So for now, the game plan is on the bear side rather than looking opportunities on the long side. In fact, yesterday when I posted about the bearishness in DBS before the -33.08 down in STI, I knew it's time that the market would start to have a breakdown or DBS would not have broken yesterday. This is speculation to the max, shorting before the breakdown and before any volume comes in and cover when everyone is throwing. :)
http://stockmarketmindgames.blogspot.sg/2014/09/dbs-toppish-with-hidden-selling.html
http://stockmarketmindgames.blogspot.sg/2014/09/dbs-sellers-changing-hands-price-sold.html
Ronald K - Market Psychologist - The Big Speculator
