PSEi

[yeahbah]

psei2.png (104.85 KiB) Viewed 2240 times

psei1.png (113.53 KiB) Viewed 2238 times

[rklibre]

Sir yeahbah,

What do you mean? Sell the stocks we are holding at this level?

Thanks.

[yeahbah]

No.

The PSEi may stop climbing soon because we are near 78.6%. Hula lang yan hehe

[headhunter]

At least 3 Elliot Wave Chartists point out that the SPX is in a bear rally and that the next wave down may even be lower than the spx 666 in March 2009. Their analysis is that the present US stock market rally will top off very soon. Since PSEi mimics the US stock markets, do you guys think we are going to follow suit? Below are three EW links. (I have funds in ING High Conviction Equity Fund as well as ING Equity Fund.)

I would be interested in Bonner's and Danny's comments - my gurus. And of course, my friends and classmates from the TA class.

http://caldaroew.spaces.live.com/ (please refer to the June 6 weekend update)

http://caps.fool.com/Blogs/ViewPost.asp ... 0939784033 (this is a pretty exhaustive analysis)

http://stockcharts.com/def/servlet/Favo ... j=ID648573

[jyren]

soon but not yet...

[tarantrader]

Ito opinion ko lang ha...

The SPX is moving very similarly to the DJIA. It has broken the downtrend since October 2007 and has gone sideways since October 2008. Has it bottomed out? Possible but there's no confirmation yet.

The index is above the 3 moving averages which is good, but the MAs are not yet in the bullish set up, but give it time and it will get there.

There is a bullish divergence when it moved sideways, so this could be something to consider.

At the very least, a rally is in the offing.

[harley]

while i was working on my charts, a 6-yr old friend approached me and looked at the charts. well he says, the train is going up! i asked why. because that is the direction!

probably, he's a very strong trend follower

[yeahbah]

Malalaman natin kung sino matibay at chicken ngayon

[jyren]

hehe, magkakasubukan ba....

watch our stops....

[tuyuta]

Malalaman natin kung sino matibay at chicken ngayon

i feel like a chicken today.

sir yeahbah, do you execute your mental stop the moment the price touched it? during opening? closing? or from your strategy, any price during the day, 30mins before closing, given that during that day, the price touched that mental stop, and/or patterns recommends you sell on that day.

salamats