The bearish trend seemed to have carried on to today's market. To make things worse, there were a lot of gap downs..therefore very hard to predict the nominal price for today.
The gap downs followed by bearing market led to a lot of erratic movement in the market (the erratic movement are caused by profiteering or taking advantage of sudden fall in prices.). Hence, prediction is hard today, and technical analysis can be thrown out the window, needless to say.
However, there are always that odd counter that always performs above the rest. Today, that company was X or US Steel. it made a US$1 increase in about 40 minutes and this upward trend was to continue for the next 1 hour or so.
The other company that steady movement was GS or Goldman Sachs. It was on a steady freefall for 1 hour after market opened.
I also made a very low profit trade on RIMM, which made me US$45. That is as close to making loss for me in the past 2 months. Not too shabby eh?
Anyway, these were my results for the day:
(Click on icon to enLARGE)
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