Market gap down today. Many blue chips, mid caps and penny stocks all gap down with the worse throw down ever in STI with -83 points. Thomson Medical, a recent hot stock that ran up crazily after my alert on the profit taking on Tuesday started to tank down to a low of 0.081 from a high of 0.093 in just 2 days!!
http://stockmarketmindgames.blogspot.com/2018/10/thomson-medical-time-for-profit-taking.html
Study the STI chart, it's scary but looks like panic selling from retailers. The market haven't turned yet but many stale bulls had been trapped and stopped out. Once you see a final blow with another sell down, that could be a bottom temporary for a short term. For now, I am just scanning for good stocks so when the right time is here, just hit the buy button.
Ronald K - Market Psychologist - A Stock Market Opportunist
