The Dow Jones had it worst day ever, slamming down a historical -2000 points which casued fear, anxiety and panic all over the world. The Dow futures also had multiple circuit breakers and it was really bad where systems and prices were not updated LIVE and many had to call in to liquidatae their positions while some cannot trade the market. I remembered during my sharing sessions and my LIVE Trading sessions, I shared that the bottom for the Dow Jones was one day if you see it slamming down -2000 points and that's what happened yesterday. Today, most stocks rebounded and STI rebounded very fast too!
See the Top Volume, the banks recovered really fast, most stocks gap up and many of them trying to grasp some air. It was really fast where DBS gained like $1.0 in 1 hour while other stocks like Capitaland also gap up this morning. Rex Intl also recovered a little compared to the closing yesterday and many other stocks just trying to run higher while occasionally taking a small breather here and there. Is this the bottom? I don't know but I know it touched a demand zone now. Let's see how much higher it can go.
Ronald K - Market Psychologist - A Stock Market Opportunist
