It looks like armageddon as the Dow Jones continuously refused to turn up where now the chart looks very ugly for the long term picture. Everytime a reversal looks like happening, the Dow Jones got slammed down even harder and further. The 5 minute chart looks like the bulls had no more strength to climb further last evening while the daily chart looks like the investors who invested for long term were slowly starting to believe that it's the end of the bull run.
A correction would be painful as we experienced now and at the end of the bear market, there would be bloodshed and heavy panic but would it happen? The market had it's irrational exuberance for the past 3-5 years while we had enjoy some good rides along the way so it paved way for the bears to enter the market and embrace for lower price to come so that the next bull run will be stronger. I am aware that the stock market doesn't see equity prices going any higher than they are right now. See the Top Volume Singapore stocks, there are mostly in red as prices continue to dip. A short term rebound might happen and that's about it I believe. I know what's my game plan and what to do now but what about you? Stay, protect and hold on to your daily job or develop a high income skill which no job can replace you. Embrace it now.
Ronald K - Market Psychologist - A Stock Market Opportunist
