Another reversal in the Dow Jones last evening that was so detrimental that the Dow Jones crashed yet again. It was up +300 points in the first half where the market was moving bullishly until suddenly everything retracted with bearish cob and from there on, the Dow reversed and sold down -414 points which adds up to a total of -730 points. This is one of the most brutal sell down and it shall continue drifting lower until investors choke blood and looking to give up. See the 5 minute chart as highlighted. From the fake breakout to the supply zone which one would thought it might trend higher including myself to only realized that it was all washed down in less than 30 minutes and the bearish cob formed to kill the market.
The Dow is crashing and it might be one of the worst since the financial crisis in 2008. As mentioned that 2019 will be a long and tough road to overcome, please embrace for tough times and protect your day job. If you don't have a second source of skill set, please go develop one because it will serve you good in the long run and for your own future. Or maybe continue working in your day job and pray hard the Dow wouldn't crash further and nothing happens to the economy. Everything happens for a reason and hence, I have already planned my 2019 with a good game plan. What about yours?
Ronald K - Market Psychologist - A Stock Market Opportunist
