The market crashed last evening with the Dow Jones slamming down -973 points with extreme fear. The current situation in the US will get worse first before it gets better as the number of affected people in the US tops 200K. With very bad figures, there was no way the market could climb higher but only being slammed down hard. I was extremely pleased that profits were made although it was a tough market. Personally, I made some $$ too but to see others succeeding is much more rewarding than myself. Made some small losses but overall managed to recover back some as the volatility was the key towards making good $$ if you can get the direction right.
In the Singapore side, the Top 30 Volume is flashing some weakness. Genting finally retraced with the banks also in the Top Volume started to simmer off. It seemed as though those who chased near high last week were all throwing now and the market looks weak. Other than that, I had locked in the profits in the Singapore market and moved on to the US market. The stocks in the Top Volume today looks like it might hang here for a while more before more actions can be observed.
Ronald K - Market Psychologist - A Stock Market Opportunist
