Last evening was an impressive recovery on the Dow Jones. The Dow futures looked bleak during the afternoon session and all of a sudden, there was this mini flush which caused it to slowly rally all the way up till heaven. The optimism talks between US-China trade war brought the Dow to sky rocket where it recorded +444 points.
Studying the chart, there was signal to go long right at the bottom at 4.10pm yesterday noon where we longed DBS right near the bottom before the stock started to move higher. At 4.15-4.20pm, the Dow started to slowly climb higher since it reached the real bottom and from there on, there was no looking back. I regretted not longing the Dow but nevertheless, at least I still hop on the banks to see what happens to the Singapore market on Monday.
Ronald K - Market Psychologist - A Stock Market Opportunist
