Looking at how the market moved today, the early morning gap ups and the chasing were all chances for unloading. The STI just cant make a good move up after hitting a major supply zone. The index opened green and met with sellers where pile and pile of sell down just precipitate with blocks of shares being thrown down. Yes, oil stocks moved with a gap up but it's mostly oil related stocks today while other counters are just stagnant and waiting for more sellers to come. Soon I think a correction might take place before higher prices can be seen.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
