Let's enjoy Christmas and New Year

It's been quite a few weeks that P6 continues to be in consolidation. This Stage of long waiting is just not fun anymore. :( But our market needed to breathe from the long steep uptrend. We need this to continue being bullish.So let's just take this positively.

So why not take time off from the market? Christmas is in the air and it comes once a year, if we need to be away from the market to enjoy, then by all means let's do it!

I am updating this post from my hometown, where internet is not so accessible, so expect my posts to be in vacation mode too.

Merry Christmas Everyone. In this phase in trading, don't forget to continue to give more this Christmas!

".... It is in giving the we receive, it is in dying that we are raised to eternal life. And of course, it is in consolidation that we gain more momentum to a bullish trend! "

Ayo ayo!

PA revisited

PA is still in consolidation. The breakout that we saw last Dec. 03, 2007 was a false breakout. However this issue is not doomed yet. It is still trading within the range. If this breaks out at .265 level, our target is set to 0.38. Watch closely

Ho Ho Ho !!! MICrry Christmas!!!

Last October 25, 2007, Big MIC Triangle was seen forming from June. It looked impossible and ugly that time. But now it is forming very pretty. I almost forget about this big triangle since I am much focused on the smaller one with 11.50 target.






As one of the members of the Absolute Traders Cebu, Sir Hans Chu reminded me of my posted big Triangle two months ago, I realize there is bigger reward to be considered on MIC. Diminishing volume is clearly shown on the weekly chart. Swapang!! See, it has new target price of 16.50!Reasonable Swapang, I may say. Just timely for Christmas!!

So, plan ahead as you establish your entry point on MIC. Fundamentally, it is also expecting good news very soon!

ELI 'd Wizard break that spell ! ! !

Eli had been from a very long term consolidation from 1999 - 2007, wow it was a long sleep! Hibernation eh?!




It's cup and handle with the smiling volume,has bottomed to .12 and now it come out from it's triangle handle at 0.81. TP from that breakout is about 1.14.

But hey, we have another pattern to watch here,just before the TP from the triangle is reached at 1.14, the cup has another breakout 1.0! Please please hold you breath, this is pretty exciting!!! TP for Cup and Handle is 1.83




WATCH over this stock and trade it nicely! ! The spell from being sleeping beauty has been broken!

You must have gotten in at .83, but I went in at 0.87, thanks to my community's heads up, kadong, james and yves. Whew! I could have missed this! Mabuhay ang cebu batch 3!

Learning Technical Analysis Isn't that hard, Is it?

Look at the smiles of our Absolute Traders new batch in Cebu! Wow, they just proved that TA is not a difficult thing to learn! It just need some dedication, jumpstart training and the community to guide you through!

Congratulations to Cebu Batch 3. I am very proud of you all, finishing the 3-day classes with more deligence and enthusiasm.

Continue making more money! Cebu Batch 4, see you in 2008!

PSEi Watch - December 03, 2007

In trading any markets in the World, indexes should be checked regularly to know the health of the market in general.

For PSE trading, PSE index is indeed a good barometer in checking the sentiments of our entire exchange.

Technical Analysis is subjective, that is why it is most effective when practiced with the group of the same background, to discuss possibilities.

We have seen two formations on the consolidation phase of the PSEi: Reverse Head and Shoulder and Double Top. R HandS is Bullish while Double Top is bearish.

This is something to watch.

Double TOP: If support 3520 level is broken. A target of 2560 level near long term trend line is possible. We have to watch out and be careful with our trades.



Reverse Head and Shoulder: If Resistance at 3940 is broken, we will be looking forward for 4900 level. Of course, this will not be a straight line thing. Volatility and the time frame should be considered here. The consolidation phase from February to December 2007 is about 10 months, and may continue until next year. Targets should also be about that time to complete. So remember that targets are not magically achieved. It has time element to consider.




Keep your technical eyes open and be responsible on the hard earned money you are trading!