Huge fall in Yangzijiang today without any news. I am not sure what's the buzz about yangzijiang but the stock is just a strange one. It's near demand zone but it refused to climb here even though the chart setup is nice and not bad. I studied the minute chart and saw some volatility last week with crazy ups/downs that might flush out a retailer and then slowly followed by some forming of cliffs before the stock had a free fall today. Only the banks are holding well today after the gap up while the rest of the stocks weren't moving much and mostly selling down instead. Tough day to start the day.
Ronald K - Market Psychologist - A Stock Market Opportunist
