I did a sharing earlier in the office where I was studying the Dow movements for tonight. The Dow Jones shot up earlier just now but just nice 1 minute before market opened, I gave my pre-market outlook to let my members know that the Dow may turn green and go higher tonight which of course it did one the first green bar in the 5 minute chart. The unfortunate thing was the green bar was too long and green and hence most of them have to take profits fast because it's like trapping retailers to chase.
Minutes after the long green bar in the 5 minute chart, the Dow started to simmer down and met with sellers selling the index down a little. It's fortunate that most of them who traded the Dow got out at the first long green bar and not hold on the short term trades too long because of retailers chasing. Let's see how the Dow pans out tonight and tomorrow might be a good chance to touch the Singapore market.
Ronald K - Market Psychologist - A Stock Market Opportunist
