Market normally needs huge volume to sustain a rally, but it can drop nonstop on tiny volume. Volume pretty light now we need to see more volume on the downside to represent conviction of bears.
Updated 5th Oct:
Market had a selldown today. Queue at asking price over lunch. Covered COSCO 111 and YONGNAM 255. Share why next time.
Updated 18th Oct:
This's why. COSCO went from 110 low back to my short price 124. YONGNAM recovered two-third of lost ground, from 250 to 285.
Market is like a huge aeroplane, it usually takes time to bottom (or topping) before u-turn for real. The way prices drop two weeks ago is similar to how a crash starts. The prior formation is more likely to justify a minor downtrend only. It "crashed" instead, so I covered.
If it drift down, I would ride trend. If there is prior major topping formation but price drift down instead of crashing, I'll cover too.
