The Dow Jones was up a lot last evening, about closed to 500 points while the Singapore market slumber down with sellers. Today the Singapore market gap up and moved higher earlier in the morning to only realized that it reached the selling zone and now the market and most blue chips suffered sell down. See the 5 minute chart of DBS, it gap up together with STI and because the gap was huge, it then suffered a big sell down where buyers who bought DBS yesterday used it as a alibi to lock in profits today. The gaps play an important role and hence for intraday trading, gaps do play a good amount of profits if you can read it correctly.
Ronald K - Market Psychologist - A Stock Market Opportunist
