The Dow Jones peak last evening and reversed down intraday. At one point the Dow Jones was up 930 points where the buyers were so strong and tried to push the market up and suddenly the whole situation changed with some bad news and most of the stocks reversed while the Dow Jones closed at -26 points. It's really volatile and lucky for me, I already locked in some profits to protect my capital while looking at the Singapore market now, yesterday last minute run up could be a fake breakout. Today most of the stocks in the Top 30 Volume simmered off and due to the reversal, most stocks were now in the red. It's always wise to never chase at breakouts in this current market condition because many mishaps can happen like this. Looking forward to see how the market pans out.
Ronald K - Market Psychologist - A Stock Market Opportunist
