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TOPIC: Re:^DJIA
#10297
yeahbah (User)
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Re:^DJIA 1 Month, 2 Weeks ago Karma: 3  
well we really can't take the dow off the picture and it does affect the PSEi's movement, so I guess it would be better to wait for the dow to reverse if you are in for the long term.

Even if the local market seemed resilient, it's pretty obvious that it couldn't sustain any up move whenever there's bad news from the US.

We can take advantage of the rallies though
 
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#10299
Sherwin Go (User)
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Re:^DJIA 1 Month, 1 Week ago Karma: 1  
I think its already conventional wisdom that local stocks just follows foreign stocks (specifically the US). Forget the stock market, it will be terribly difficult to make any serious money in it with this environment. Look into FX markets there is more action there.
 
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#10302
jonf1tch (User)
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Re:^DJIA 1 Month, 1 Week ago Karma: 1  
yeahbah wrote:
QUOTE:
well we really can't take the dow off the picture and it does affect the PSEi's movement, so I guess it would be better to wait for the dow to reverse if you are in for the long term.

Even if the local market seemed resilient, it's pretty obvious that it couldn't sustain any up move whenever there's bad news from the US.

We can take advantage of the rallies though ;)
hi yeahbah, thanks for the input. i've always been told that there's no decoupling in financial markets but with the recent sideways movement i've entertainined the possibility of the PSEi bottoming before the US indices. and that's when i woke up. hehe.

Rambo is the man.
 
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NEVER GO FULL-RETARD!!! ** If you want to increase your success rate, double your failure rate. --Thomas John Watson, Sr. (1874-1956), IBM ** Its the time you put in after 9 to 5 MON-FRI that ultimately makes the difference --William ONeil
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#10303
jonf1tch (User)
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Re:^DJIA 1 Month, 1 Week ago Karma: 1  
Sherwin Go wrote:
QUOTE:
I think its already conventional wisdom that local stocks just follows foreign stocks (specifically the US). Forget the stock market, it will be terribly difficult to make any serious money in it with this environment. Look into FX markets there is more action there.
hi Sherwin, thanks for the input. i'll be lurking around the FX boards for sure
 
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NEVER GO FULL-RETARD!!! ** If you want to increase your success rate, double your failure rate. --Thomas John Watson, Sr. (1874-1956), IBM ** Its the time you put in after 9 to 5 MON-FRI that ultimately makes the difference --William ONeil
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#10304
bcdytoc (User)
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bonnerdytoc Tales of the Absolute Trader
Re:^DJIA 1 Month, 1 Week ago Karma: 3  
Just be sure to be quick with FX. It's much more volatile than stocks. You could make money quickly but lose it just as quickly.
 
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People tend to lie, the charts don\'t.
http://tarantrader.blogspot.com
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#10315
bcdytoc (User)
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bonnerdytoc Tales of the Absolute Trader
Re:^DJIA 1 Month, 1 Week ago Karma: 3  
DJIA up by 936 points! It's the 5th biggest gain in terms of percentage. But volume isn't as heavy as I thought.
 
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People tend to lie, the charts don\'t.
http://tarantrader.blogspot.com
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