As predicted and as blogged yesterday that the Singapore market would gap down today, indeed, the market got sold down and many top volume stocks couldn't climb and all were encountered by sellers that were either looking to short sell or panic selling. The STI chart reached a juncture where it's currently in the range where at one glance it looked like buyers were strong for the past few days but actually, the sellers were waiting for higher price to take profits. Study how the Dow Jones crashed for 2 nights and you know how weak the buyers were.
http://stockmarketmindgames.blogspot.com/2020/05/dow-jones-crashed-for-2-nights.html
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Ronald K - Market Psychologist - A Stock Market Opportunist
