Wednesday, August 12, 2015

General Market Conditions - STI



The overall market condition worsens with STI suffering many gap downs, however it also represents a trading opportunity on the long side at the right time. From the STI chart, it seemed as though many retailers and public were fearful and the amount of shares liquidated were gigantic. In the near term, I don't think it's wise to short this market anymore because we may see a temporary rebound.

Ronald K - Market Psychologist - A Stock Market Opportunist