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DJIA, 12/21/07 .. DON’T GET EXCITED JUST YET …

December 22, 2007 By whipsaw_p6chat

This market is still trying to make up its mind .. the converging peaks and troughs in the daily time frame are forming a triangle .. looking at at weekly time frame to try to a get a better sense of whats happening doesnt get us anywhere either, it shows a failure swing with a subsequent higher low.. but wait! is that a head and shoulders pattern unfolding? .. let's wait and see how it pans out… if it does, it could get real ugly .. for those waiting to get back in, the next critical level is the downtrendline.. you will want to see it broken on the upside.. a trendline break does not mean a buy however, it just means that we should take a closer look for further evidence that a new uptrend is on its way .. Happy holidays ! Note: earlier posted at www.whipsaw.bravejournal.com Read more... (155 words, 9 images, estimated 37 secs reading time)

Filed Under: Stock Market & Finance

PSEi, 12/21/07 .. HO HUM ..

December 22, 2007 By whipsaw_p6chat

There is absolutely nothing to be excited about in this kind of market … Earlier posted at www.whipsaw.bravejournal.com …

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Filed Under: Stock Market & Finance

Merry Christmas Finance Manila Readers

December 21, 2007 By dragon Leave a Comment

Merry Christmas One and All

and May you have a prosperous New Year

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Filed Under: Life In The Metro

TREND ALIGNMENT .. THE SIMPLE LOGIC BEHIND IT ..

December 17, 2007 By whipsaw_p6chat

I think it was at the p6chat xmas party last Friday when a couple of guys asked me when i intend to resume participating in the stock market. Of course my boring reply was "when i see the market resume a clear and strong uptrend".

Now why do I, as well as many other traders who trade with the trend, find this important? The answer is because if I align my long trades with an uptrend, I am stacking the odds in my favor that most of my trades will be profitable.

You see, in an uptrend, the sum of the rallies are larger than the sum of the declines in prices, this is a fact, period, no ifs and buts about it . Mathematically, this phenomenon accounts for the positive slope of the uptrending price action. Read more... (416 words, 9 images, estimated 1:40 mins reading time)

Filed Under: Stock Market & Finance, Trading Tactics

PSEi, 12/14/07

December 15, 2007 By whipsaw_p6chat

Still nothin doin… the market is moving trendlessly with a downward bias in a choppy manner .. look at the MAs – theyre all over the place .. the failed breakout of the downtrendline and prior resistance is followed by a fast decline back into the range .. i must admit i am bored not being in the market but this non directional action makes me appreciate not having a position… if you remain active in this market TAKE A DEFENSIVE STANCE .. Merry Christmas !

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Filed Under: Stock Market & Finance

DJIA, 12/14/07

December 15, 2007 By whipsaw_p6chat

A failed breakout leaves the 2 month downtrend undamaged – see the 2 lower highs and the lower low. For the past 6 months, the moving averages crossed over 3 times in between the 14198 and the 12517 levels indicating a range bound movement from a longer term perspective. The next critical levels to look out for are the downtrendline and the 12724 support. Another breach of the downtrend line should prompt us to look closely at a possible change in trend while falling below the 12724 support could signal further declines in the near term. Merry Christmas !

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Filed Under: Stock Market & Finance

Jamby Madrigal and Pistachio Disguisey

December 14, 2007 By dragon Leave a Comment

Why does Jamby Madrigal share the same taste in clothes with Pistachio Disguisey, Master of Disguise?

For that, I have no answer. Only pictures

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Filed Under: Entertainment

Disney on Ice… Mickey and Minnie’s Amazing Journey

December 14, 2007 By eee Leave a Comment

Mickey, Minnie and the rest of the gang will be here January 18 to 27, 2008 for their annual Disney on Ice show entitled "Mickey and Minnie's Amazing Journey". It will be at the Araneta Coliseum. I can't remember the last time I watched a Disney on Ice show and I am now trying to convince Funny B to choose this show instead of Barney. At least this show is something for the whole family. I went to the Disney on Ice website, and showed funny B photos and videos of the show.