PSEi: What Next?

[betheone]

Hmmmm, kung pipili ako sa list ni Sir yeahbah, I'll choose PIP lang today. Pwede rin LC pero mejo malayo pa sya sa support line, may chance pa na bumaba. Let's see where these stocks are next week practice ako ng virtual account hehe

[genkumag]

Best case scenario: blue line
Preferred scenario: red line
Worst case: green line

I'm seriously rooting for the red line. I can't even bear to think that the market will do a 50% retracement of last year's bear market rally!

Place your bets!

[tarantrader]

Yes we don't want the market to retrace 50% but we can't discount that it's possible.

[genkumag]

Just updating the fan lines...

After today's price action, I'm slowly beginning to be convinced the RED scenario (my preferred scenario) will be the one that prevails once the corrective phase is through... barring of course any unanticipated hiccups like a sovereign default in Asia! Yikes!

Would appreciate your thoughts on this guys.

Thanks much.

[genkumag]

Updating the fans...

[drpama]

Parang bahay ng gagamba

[betheone]

Hmmmm, kung pipili ako sa list ni Sir yeahbah, I'll choose PIP lang today. Pwede rin LC pero mejo malayo pa sya sa support line, may chance pa na bumaba. Let's see where these stocks are next week practice ako ng virtual account hehe

My choice 2 weeks ago. If I bought it, I would have made 10 cents per share by now or around 5%.

[tarantrader]

Parang bahay ng gagamba

Bahay ng gagamba o bahay na inagiw?

[genkumag]

parehas bahay ng gagamba at inaagiw

ang tanong lang naman eh: sumusunod ba ang presyo sa mga fan lines?

[betheone]

Question: When plotting start and end points for fibs, is there a guideline for what are the best points on the chart to use? For example, if I'm looking at the 1 year chart, use the highest and the lowest price for that period.