You can be a terrible fan of the bulls yesterday, but did your support waver given the market performance on Thursday? A (6 weeks) unprecedented scene of loss -34.48 points by the STI and a huge black candlestick is enouhg to scare any investor/trader and put him on his seat waiting to get out of this hugely overdue correction (if it was/is going to unfold).
But by tonight, Dow has, at current time of writing this blog post, amassed a staggering +112 points. I admit that I was, too, cautious in the whole of Thursday, contemplating a correction and liquidating but I thought most of my portfolio were doing -1% and it seemed pretty strong until the last 20minutes of STI trading when all it all went haywire and I was not monitoring the market, and so did not execute trades.
Then I went home to look at the ......