We saw the index last week dropped at 6642.27. are we still on the bullish side of the market? in my opinion the 6500 support should hold. what happened last week was a correction but if this will last for 2months or more than 2 months, then we can say that our market enters the bear territory.

ill give my chart for your reference

What are we going to do? maybe some people might wanna ask this question. sell your shares like EW MBT BDO PNB BPI and some blues which are overbought before it is too late. when we say overbought, it means that the RSI reached 70 or above. you may look at your chart indicators and choose RSI so that you can see a clear picture of what i am saying.

OR

You should always check your stock's support. a trader should see if he or she will still hold his/her stock after reaching the overbought level of the RSI. This is very important to all investors. patience is not applicable here. if the price reached its maximum, then you should sell.



let me share this to you

"The game taught me the game."  -JL


what a beautiful quote from Jesse Livermore.


enjoy trading guys.
Good luck!

Bear Market for the PSEI

Yesterday we had a red index and i am expecting this to continue until it hit 6k which is the initial support for the index.

Let us see what bear market is

Definition of 'Bear Market' A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows. Although figures can vary, for many, a downturn of 20\% or more in multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) or Standard & Poor's 500 Index (S&P 500), over at least a two-month period, is considered an entry into a bear market.

Investopedia explains 'Bear Market' A bear market should not be confused with a correction, which is a short-term trend that has a duration of less than two months. While corrections are often a great place for a value investor to find an entry point, bear markets rarely provide great entry points, as timing the bottom is very difficult to do. Fighting back can be extremely dangerous because it is quite difficult for an investor to make stellar gains during a bear market unless he or she is a short seller.

It says here that it should not be confused with a correction, which is a short term trend that has a duration of LESS THAN TWO MONTHS. therefore, if the index continues to drop for two months or more than two months then we can say that we are in a bear market now.As i can see, the 6k support should hold. If not, we may see this index at 5800-5500

Chart Analysis of BSC

CORPORATE   PROFILE:

Basic Energy Corporation (BSC) was originally incorporated as Basic Enterprises, Inc. onSeptember 19, 1968 and became an oil and gas exploration and development companyon April 26, 1971, assuming a new name, Basic Petroleum and Minerals, Inc. Over theyears, BSC evolved from an operating company to a holding company under the corporatename, Basic Consolidated, Inc. In 2007, in line with the inclusion among its primarypurposes the production of ethanol and other biofuels, and the development of otheralternative and renewable energy sources, the Company changed its corporate namefrom Basic Petroleum Corporation to Basic Energy Corporation.As a holding company, it held equity investments in the following subsidiaries: BasicPetroleum & Minerals Inc., an oil and gas exploration and mining company; BasicDiversified Industrial Holdings, Inc., an investment holding company; iBasic, Inc., aninformation technology management company and service integrator; SouthwestResources, Inc., an oil exploration company; Basic Biofuels Corporation, biofuelsdeveloper; and Basic Ecomarket Farms, Inc., an agricultural company.


Recommendation: BUY
stoploss is .2499

Let me share to you this video of mine. 
Watch me playing forex live!
http://www.youtube.com/watch?v=QDlDA94aVN0

Click the link

Next seminar will be on DEC 14 2012
Place: Philippine Stock Exchange Tower 1 Makati
Topic:
Technical indicators
How to manage your trade
Chart Patterns
Reversal
time:6pm-10pm

for more details, email ginhawaibibigay@yahoo.com

Register now and learn how to earn money in trading! 

This guy always motivates me. He is my inspiration.
Let me share this to you...
One of the famous quotes from Jesse Livermore

-The loss of the money didn't bother me. Whenever I have lost money in the stock market I have always considered

that I have learned something; that if I have lost money I have gained experience, so that the money really went for a tuition fee. A man has to have experience and he has to pay for it.


This is really true. Long live JL

Dizon Copper-Silver Mines, Inc. (DIZ), was incorporated on August 18, 1966 to acquire,purchase, lease, hold, work and operate mines, mining claims, grounds or lodes in thePhilippines or in foreign countries.DIZ has 57 mineral claims in Barangay Buhawen, San Marcelino, Zambales with a total areaof 513 hectares. These claims were developed and operated by Benguet Corporation (BC)for 20 years under the Operating Contract entered into by and between DIZ and BC onSeptember 6, 1975. After more than 20 years of occupation, exploration and operation ofmineral claims, BC turned over its operating rights to DIZ by virtue of a Memorandum ofAgreement dated November 25, 1997 following the closure of mining operations. Miningoperations were forced to stop after a landslide caused by heavy rains destroyed mineinfrastructures, accompanied by a sudden fall of metal prices in the world market. Thismade the rehabilitation of the mine facility and resumption of operations impossible.With the suspension of its mining operations, the Company's present activities are confinedto the care and maintenance of the mine site and the mining properties therein. DIZ iscurrently looking for a new partner to operate the mines and recover the residual gold fromits tailings dam. DIZ's port facility, Port Dizon, located in Subic, Zambales may still be used asloading facility for ore and aggregates should the company resume mining operations.



closed today at 22.25
recommendation:
BUY
cutloss 19.99
tp 30

PX's Chart Analysis

Philex Mining Corporation (PX) was incorporated on July 19, 1955 to primarily engagein mining activities. The Company and its subsidiaries are organized into two mainbusiness groupings: the mining business under the Philex Mining Corporation, andthe oil and gas business under the Philex Petroleum Corporation (PPC).PX currently has the Padcal Mine in Benguet as its only operating segment. The PadcalMine is on its 53rd year of operation producing gold, copper and silver as principalproducts.The Company has long been a silent investor in oil properties owning participation inseveral service contracts. In 2007, PX incorporated PPC to engage in petroenergybusiness, of which 49% was subsequently acquired by Anatolian Property BV (APB), aNetherlands company whose shareholders are funds-managed by Ashmore InvestmentManagement Limited. In July 2009, PX repurchased APB's interest and gained fullcontrol over PPC. In September 2010, PX transferred its investments in energy assetsto PPC which holds 38.82% of Forum Energy plc, a UK-based oil exploration companyowning participation interest in several service contracts in the Philippines, particularlyin northwestern Palawan.


recommendation:
buy
should hold 18
tp 21.5-22


current price is 19.22