The market had a super reverse and rebounded heavily last evening. The Dow suddenly had a shift of gears and returned to green territory. I saw how panic the sold down was last evening and I knew that a technical rebound is happening soon. Same for the STI, the market had a super steep and panic sell down which caused many stocks to gap up today. The Top Volume stocks here in Singapore that rebounded were mainly blue chips and penny stocks. It's like a dog was pushed near to the brink of death and then resurrected. The resurrection is strong and prices were supported now as compared to yesterday's sell down. I believe there should be more upside for the STI.
Ronald K - Market Psychologist - A Stock Market Opportunist
