General / Events
Since August 2007, Absolute Traders has been actively continuing in Cebu City its mission to spread the good news of Technical Analysis (TA) in stock market trading and build the best TA community in the country
The Absolute Traders Cebu Technical Analysis Seminar for the Financial Markets had its first batch in Cebu last Aug. 2007. Recently, the 4th batch finished the seminar last February.
The seminars have given Cebuanos the opportunity to be able to learn to use tools like technical analysis in trading. Called the Queen City of the South, Cebu is geographically accessible to many traders in the Visayas and Mindanao area.
In fact, some interested traders from the Luzon island who could not make it to the two-hour twice-a-week classes in Manila flew to Cebu to attend the three-day classes.
Each class has an average of 15 students. This is intentional to make sure the quality of the education of the traders is the paramount concern.
With Mr. Danny Go and Mr. Hanson Ong as the official lecturers in Cebu, they shared their experiences and tales of survival in the market. Most of all, they made sure the students are equipped with the proper skills in TA for the battle of the bulls and bears.
They also impressed on the students the need to change their way of looking at the market. That is, from the traditional fundamental analysis to the more focused outlook of technical analysis.
In our desire to review local and US issues, we organized a Chart Analysis Forum (CAF) at the night of the second day of every seminar series. The CAF is participated by the members, invited guests and is supervised by the mentors.
The forum has been a great venue for everyone to collectively discuss the current sentiments of the market, whether bearish or bullish. It also allows the participants to build business and personal relationship with the other members of the community.
We had our latest CAF at Krua Thai Restaurant last February 23, 2008. I remember it was a laid-back affair. Over a sumptuous dinner, we reviewed charts and looked out for opportunities in the market. We came to the conclusion that the PSEi is still very volatile and being liquid is the best option at this time. However even with the bearish sentiment, with most issues consolidating on a downwards bias, we still see mining as the one sector that has some promise since some issues are consolidating with an upward bias.
As we continue our commitment to educate the country about TA, we are doing our own little part in Cebu. We continue to hold more seminars and road shows. We continue with our efforts to grow our community, to try to give members a venue for continuous learning, to share knowledge and profit in the market.
Way to go Cebu AT! Ayo ayo mga Bisdaks! See you all in April for the next CAF and seminar.
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