QUOTE:

dun nga pala ako sa Launching ng Absolute Trader correct me if i'm wrong sir Mickymac, dba sa daw theory ni sir aclan we are just starting sa wave three? if your facilitator sa advance class ay si sir aclan din yan ba ang tinuro nya na we are in a wave five na? kung iyan ang itinuro nya, alin ngayon ang totoo sa daw theory nya? are we in the wave 3 or wave 5? o depende sa tingin mo sa chart? kung dpende sa tingin mo, yun tingin ba ni sir aclan nung lauching ay pede ba mag bago?

What the Chairman was refering to was the longest cycle which started in the 80's. My analysis just for the primary, which started in 2003.

oh sorry mickymac

with regards to Hans comparison of bearish divergence last January 2007 and recent divergence .... observation ko lang .... these two divergence differs in its' steepness with January as more steep than recent divergence .... which means another market crash with the same magnitude last Feb 28 maybe unlikely ..... sana nga ......

Volume today was a paltry 2.79B, with net foreign selling 49M.

We're entering a seasonally 'lean' period - the 3rd quarter. So maybe a correction is in the works. But basing on this chart, every time we fell to the support of this trendline I drew (points encircled), we always bounce to a higher high.

So a correction to about 3,650 will be healthy as, based on the historical trend of the PSEi, we'll bounce off to a new high. Crossing my fingers!

MACD with convergence though. May be time to lighten up. :wink:

:!:

OOPS . i mean divergence sorry :oops:

bullish engulfing today?