- 27
- Jul
This Stock Market Hours Report is brought to you by Jason Ng, Founder, Master ‘O’ Equity
The Dow plummetted 311.5 points in a single day today! The last time we had such a huge, deep impact was back at the Shanghai market plunge of 27 Feb when the Dow dropped over 400 points. This plunge was accompanied by a huge volume surge, which could probably signal a selling climax. What’s obvious now is that this plunge certainly took the Dow back down nearer to the weekly 30MA, which we have been watching this whole month, just as the Shanghai market plunge did. I do not see a full scale bear trend coming up and I maintain my view that the Dow would trade within the sideways channel that I mentioned yesterday.
How does it feel to be watching the storm out at sea from the safety of the harbor?
Truly the Star Trading System has kept all of us out so far for a good reason… to prevent us from perishing out at sea! Sometimes, like little children dying to play out in the rain, we think the Star Trading System is just screwed up and preventing us from having some fun (just like your parents did) but think again, didn’t that keep you safe and alive till now?
Thought For The Day : “Real Traders Love Weekends”
