Saturday, March 3, 2018

Dow Jones - Scary Drop Then Recovered

Last evening was a nightmare in the Dow. The futures were dropping like crazy and at one point I saw it was -360 points where everything was about to tumble another -600 points and suddenly when I woke up, the Dow was only -70 points which meant it recovered strongly. The S&P 500 and Nasdaq also recovered and turned green which meant that the market is recovering in the short term. I studied the minute chart for the Dow and I saw that powerful deep deep flush which produced a chp 4 before a strong bull charging back. I think there might be some short term rebounds in the Dow first for now. It's time to stop shorting the Singapore market.

Ronald K - Market Psychologist - A Stock Market Opportunist