Just observed the scariest moment in the Singapore market in less than 5 mins after market opened. Within 2 mins after market opened, there were humongous amount of sellers selling away shares in STI and also individual stocks. The speed and magnitude was so huge that it caused a temporary fear in the market in that 5 min which caused a Long Red Tail bar in the bar 5 min chart. Subsequently, the market tried to recover a bit from this sell down and now we can only see what trends out later.
Ronald K - Market Psychologist - The Big Speculator
