Trading the Philippine Stock Market

[epgarias]

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You are right bro, those double top like patterns of MEG is just a normal corrective waves of wave 3 of Minor degree. In my opinion wave 3 of Intermediate degree already started since june and waiting for consolidation to validate wave 4 correction. And if no consolidation then wave 3 will continue, remember wave 3 is the longest impulsive wave of EWT it may take a year before corrective wave 4 comes. Wave 5 is also impulsive but this is the distribution phase of DOW theory what we should be watchful here is the reversal patterns to develop like double/triple top,head and shoulder pattern coz these signals the downtrend is coming.

Thanks bro.. Kita ayo sa weekly chart imoha pasabot bro.. For now kani si Wave 3 kay similar pa man sila ug lenght sa wave 1.. Meaning to say dako jud ayo probability na mupadayon pa ni siya saka.. Plus back up pa jud ni with good fundametals.. Sa karon kay naa sa 2.54 TP niya sa fundaments.. I think ma adjusted pa ni siya soon..

[TWINSCAN]

Some Interesting Stock Market Trivia:

1. January Barometer: Often used by analyst as an indication of the year's sentiment. If january ends down, the year to follow will be bearish (downtrend). If it closes up, the year will be bullish.
2. Sell in May and Go Away: The months from November to April are often bullish, while May to October are bearish. September is traditionally the worst months of the trading year
3. October Effect: This month has the largest history of market crashes. This include Black Monday, Tuesday and Thursday - all in October 1929 - after which came the Great Depression.The crash of 1987 occured in October 19 w/c saw the DOW plunge 22.6% in a single day.
4. Santa Claus Rally: This is a surge in stock prices that often occures in the week between Christmas and New Year's Day
5. The first trading day of the month is reliably a bullish month - often the month's most bullish
6. April is the most bullish month of any trading year
7. Quarter 3 is the worse quarter of the trading year starting with July and ending with September
8. November, December and January make up the best three months of a trading year
9. The end of October starts the best six months on the S&P 500 and the start of the best eight months on NASDAQ
10. Years ending with "7" have spelt bad fortune througout hsitory:
a. 2007 Subprime Mortgage Crisis
b. 1997 Asian Financial Crisis
c. 1987 Recession
d. 1957 DOW Triple Top
e. 1937 Property Bubble and Credit Tightening
f. 1917 Infaltion - WW1
g. 1907 Post San Francisco Earthquake

[kitz]

Thanks kitz.. Sana nga matuloy.. I love swing trading jud.. Coz it does not require me to be on monitor always during market hours.. Pasulyap2x lang ko basta office hours..

Will swing trade discussion includes charts ba? I am hoping to learn charts kc. i can't relate to you and twinscan

Di ba kaw ang in charge? coz if not, and if it's not too late.. i'll volunteer to help. wala na akong magawa

[carbrill]

thanks ms. kitz...

[Soggy2]

Will swing trade discussion includes charts ba? I am hoping to learn charts kc. i can't relate to you and twinscan

Di ba kaw ang in charge? coz if not, and if it's not too late.. i'll volunteer to help. wala na akong magawa

naku, i thought vertrana ka na sa charting!

swing trading really needs some know how on charting kasi it uses indicators.

Id suggest getting some charting know-how before the seminar para madali mo ma grasp ang topics.

[kitz]

naku, i thought vertrana ka na sa charting!

I know very little on chart.. that is the reason why am spending for the newsletter subscription (nag shortcut nalang ako).. No chance to study charts before coz I used to handle financial reporting sa work ko with never ending internal and external deadlines specially pag may taga BIR to audit the company

Id suggest getting some charting know-how before the seminar para madali mo ma grasp ang topics.

where can i get this? is this available in PSE site? I should have time na to study this since nasa balay lang ko (goodluck nalang kung maiintindhan ko)..

Thanks soggy in advance for the advice.

[kitz]

@ carbrill

Hope I was able to help you or atleast appease your worries
sent you another PM for the link

[MoD]

kitz.. meron din sa youtube.. try this link. mga basics lng to but it helps kc madaming examples..

YouTube - InformedTrades's Channel

click mo lng yung left side.. 1-80 ata yun lessons dito.

[MoD]

got from another forum..

Caught in the Act!


1. Barely a month after the Batch 4 Seminar last September 20, 2010, these former tablemates are now Lovebirds. Yesterday, at the Batch 4 Make Up Seminar, their hands are now holding mates under the table. The handsome guy is Tuna-magnate and the gorgeous girl has post-graduate course in Ateneo. Dreams can do come true in attending
Andrei’s Seminar and not necessarily in trading...but mating too!

2. The Country Manager of this Foreign Mining Company is caught booking a flight for his Boss. The Boss will be in the country this week to sign a long term Supply Contract with a local mining company. This local mining company will fly high this week or even as early as tomorrow. (Details in the Advisory 101810)

3. The Board of this old mining company had met last Friday and they maybe considering having a fund raising again. Well, you know exactly what happens when a company goes into an SRO, right?

4. This brokerage had only 20M shares left to sell for this particular stock that made many gain a fortune from its spectacular run recently. If the selling is exhausted, the second wave flight for this stock is inevitable and could soar just as much as from where it started which was less than 1.0

5. Its all green lights for this new mining to go into IPO this year, specifically November. This IPO will create a mining tide that will lift all mining boats so to speak.

6. Caught in the act were Local and Foreign Managers visiting a mining site. Fundies gave positive feedbacks. Expect these Fundies to front-run this stock.



PSEI and DOW this week


Everyone is probably loaded and expecting the Index to go up.

But PSEI needs a catalyst to get past 4250.

It is through the breaking out from 4250 that we will experience again similar big earnings just like when PSEI rose from 3500 getting past the all time 3896 and going up further to where it is now at 4,216.

The big rise from 3500 up to where the PSEI now, 4216 has rendered many Index Stocks reaching new high levels.

The Perception also right now is stocks are too high. This is the reason why the PSEI can’t get past 4250.

We will pin down our hope for new catalyst from the DOW.

DOW is still very low at 11,000 level. DOW luckily has the momentum and it is uptrend.




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If DOW reaches 11,250 which is easy as we see it at the above chart, in my take, Perception will change in PSEI and we may see the Index Stock moving up again triggering the PSEI to break away from 4250.

If we break away from the 4250 level, the “Multi-year Bull Cycle Perception” kicks in once again and there we go…..the Bull market bandwagon starts to churn in …..in the end everything will become self-fulfilling prophecy…..Stockmarket is like this. Perception is all what we need to fool others and ourselves hehehe.

How do we make money if PSEI is stuck at 4100 to 4250 range?

To make money, we have to trade also the range.

Let’s take the case of PNB.

This time it goes as low as 60 and rebounds back to 65 up 66 in 2-3 days.

That is almost 10% profit, right?

MEG can go as low as 2.20 and rebounds to 2.50. That’s more than 10% earnings.

Try to check other stocks that have similar price action and profit from them.


Stock Picks for Tomorrow

ORE and PO

more stock picks and detailed strategy for each stock can be seen in Advisory 101810

let's continue tomorrow....not feeling well

[D40]

nakadawat ba mo sa advisory 101810? O mao na ni ang sugod sa extra maintenance fee? Kinsay nagbayad na sa extra?