Yet another amazing recovery from the Dow Jones last evening where it cemented my accurate analysis on the Dow Jones. Since my last Friday's post on the Dow building the next bull wave after the scary -1000+ points drop, the Dow had been bullish ever since, running and trending up in the next 5 days consecutively even though there were major sellers emerging along the way.
http://stockmarketmindgames.blogspot.sg/2018/02/dow-jones-plunged-1000-points-again.html
Then on last Saturday, I was more confident on the Dow recovery where I posted that the Dow was in the Bull Market Building Process.
http://stockmarketmindgames.blogspot.sg/2018/02/dow-jones-bull-market-building-process.html
Last evening was nothing short of spectacular where in the 5 minute chart, the Dow was once again sold down very fiercely exactly like what happened on Thursday due to profit taking but recovered in a very fast speed. Congrats to my student who went long last evening and managed to make $458. The buyers were consistently supporting the market while the sellers were force to cover their shorts. In the coming week, it shall be more volatile and I think there will be some short term selling. Stay tune. Happy Chinese New Year.
Ronald K - Market Psychologist - A Stock Market Opportunist
