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The PSEi - PSE Composite Index & The Economy
#11
...I am not sure if I remember it correctly but the ushering of an increase in the interest rates has a negative effect on properties, well actually for all listed companies, as their loans outstanding would have to be paid with an additional increase because of the rate hike thus eating away at some of their profits...properties are particularly vulnerable because buyers of properties usually go thru banks when paying for their property purchases, if loans would have higher interests, then that would be a hurdle...

...normaly, interest rate hikes are aimed at arresting inflation by dampening buyers demand on products and services, in this case, are we having a high inflation already? MEG and the other properties could be having some sort of a realignment from some fund managers...transferring them to perhaps DMC? Smile ....just ideas......just ideas Smile
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 photo TheDailyHINT01_zpsae8386eb.png
#12
[Image: PSE-5.png]

Our current index is kinda alarming because of the confirmed breakdown from the triple top pattern and yet kinda hopeful that the major support may hold the index from going further down to the ~4025 (Target of the triple top pattern). Anyway, I am still at the wait and see attitude on our market. Limiting myself to buying selectively blue chip stocks that shows some relative strength against the index. Base on the present behavior of the market, I think the index simply bounce off (dead cat bounce) from the major support line. Momentum is simply accelerating downward. If the market continuous to increase this downward pressure then the support line will not hold and the index will probably go down towards 4025.

http://www.philstockanalysis.com/2011/06...ne_20.html
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#13
galing na tingin nyo sir so achieveable nga yung 4045 ko tnx SmileSmile
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#14
Here is an update of my weekly index chart analysis:

[Image: PSE-7.png]

Our index was able to perform exceptionally well last week, for it was able to invalidate the triple top pattern. Click to continue reading...

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#15
(06-26-2011, 10:49 AM)epgarias Wrote: Here is an update of my weekly index chart analysis:

[Image: PSE-7.png]

Our index was able to perform exceptionally well last week, for it was able to invalidate the triple top pattern. Click to continue reading...

Sir if you draw another lower neckline , i will interpret it as forming a right shoulder for a head and shoulder pattern
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#16
I more concerned whats below the neckline haha!

In the past couple of months,the PSE has been on an inverse relation to the dow. FDI inflows continues to be positive. Foreigners are getting out of their market into emerging marts. With the Dows' rise last night and bullishness of US traders, I hope the relationship goes back to normal that is up when the dow is up.
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#17
[Image: psei62911.png]


Hey guys,

Grabe ang PSEi noh? Sideways lagi... very tricky.

Right now, I think the PSEi is forming a Broadening Bottom (Right-Angled and Descending Pattern). Based from Thomas Bulkowski's book, it has a statistic of 57% upside breakout, 37% downside breakout, and a 6% sideways movement. I agree with StockJunkie. A lot of foreigners are investing in our country. Let's just hope we get an upside breakout from this ridiculous sideways pattern. What do you guys think?
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#18
...ayun oh...gap..fill muna hihihi Big Grin
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#19
(06-29-2011, 05:32 PM)Ollie Wrote: ...ayun oh...gap..fill muna hihihi Big Grin

Napansin mo pala yun Com. Salamat sa pag point out sa kanila. Tagal ko na notice yun eh kaya busy ako what Uncle might be thinking. Big Grin

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#20
Hehe... mukhang pababa pa ang PSEi noh mga bossing? Ang major question siguro na nasa isip ko ngayon ay kung ano mangyayari once na matapos ang broadening bottom na pattern. Will it have a downside breakout once it reaches 4000-4100 levels, upside breakout once it reaches 4340 level, or do a major reversal sa 4000-4100 level... or just be doing sideways again? Hmm...
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