Last Fridays green in the EPHE and emerging market ETFs plus the net foreign buying shows it remains to be seen whether our market can correct in a shallow or deep format. It is my opinion that we dont bother asking if it is shallow or deep. We should listen to the market forces everyday and the bulls are strong. This is just a long overdue breather and Monday up pa nga after last weeks only minor 30 to 50 point sell off. Judging from how strong some corporate earnings are like JFC and URC- chicken joy fans and jacknjill fans perhaps have nothing much to worry about. However the pgold Cosco camp had quite a beating. Perhaps judge each chart based on your own rules and be abided. I personally dont know what the markets will do but I just have a plan should scenario a b c unfold.
Posted on: Sat, 17 May 2014 00:45:14 +0000
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