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Back in the Scene By Danny Go February 26, 2008

I have kept myself away from doing a blogspot since I could see that most of our community members are already doing such terrific jobs in shedding light on the Philippine market. Besides, I can really make do with out the extra workload since the music biz is picking up and zigtraders.com (a,k.a. Trinity Strategic Traders) has started making headways. However, Bossah (Gwen Nava) called my attention to a concern that our newbie members of absolutetraders  (newly graduated ones) still need more guidance and support, at least between now and after three months of intensive practice. I agreed to the idea because I was horrified to have learned that one of our students in a recent batch was already employing the use of advance technical indicators without first establishing the basic skill of drawing trendlines and recognizing directions. When I confronted him about the matter, he directed me to a popular technical website and showed me the published material. The study made wasn’t even valid. He was so impressed with the technical terms and presentation that he even used the word “high-tech” to describe it.  Do you guys even want to know what happened to his trade?

From now on, as a commitment to our community and to bossah, I will be monitoring some key issues in the local market that includes technical analysis. The function of this blogspot is similar to that of a newsletter, its just that its free for our community members.  Please give me about a week to update my local data for my charting software.

Feel free to post the ticker symbols of stock picks.  :-)