With Investors scrambling to exit the stage.
Finally the #PSEI marked a low back to where it came from at 8015 while closing for the day 3.20.18 at 8059. Ample signals and warnings have been provided in our market view FAILURE TO ADAPT can lead to 'Unwarranted Trading Catastrophe' unless main street investors and traders would be able to adapt and make necessary adjustments and / or literally make use of fresh capital for bargain levels instead of 'cost averaging' in a declining market which would be ineffective at this type of market conditions.
PSEI CHART OVERLAY AS OF 3.20.18
Since the average decline for the first four weeks of March are well within -231 index points from their respective week's HI/LO price point. Thus making a total point decline of -1623 points combined with February's HI/LO price range and not how it is presented it to be -1063 from 9078 high and 8015 low. This is how we approach real price action analysis based on the weekly movements of the market indices and their respective underlying stock components.
The extended decline have managed to slip into the market unnoticed by most traders failing to recognize over 10% VALUE lost from price action in absolute numbers is fairly accurate. A market Sell off indeed instead of a mere correction as individual stock prices have declined more than what is to be expected and leaving PH investors scrambling to exit the stage.
Yes, it would have been a different market sentiment have investors and traders are able to identify the FIBO Time pattern as a clone 'GUIDE' while extending it at the 9078 4top. And at the end of the fifth is marked at the 8015 low as of 3.20.18.
ReplyDeleteSurely this will reflect the price action moving forward and make the necessary adjustments. Thus making certain to avoid unnecessary losses while making use of freed capital for liquidity in other markets. Experience will always be the best teacher and Megatrade101 is only happy to share these market analysis. Just give credit where credit is due. Thank you!
News centers and local PH financial reports describe the PH stock market as a 'bloodbath' and in a 'correction phase' due to the PSEI's decline back to 7909 closing price does not necessarily help viewers market perspective, as it is already a fact.
ReplyDeleteNonetheless, it is every network's responsibility to have a well balance report that best filter out unnecessary remarks which can be more helpful for other viewers to follow. This is where real transparency on financial reporting or analysis from reliable sources are vetted and not simply coming from other news agency's headliners.
PSEI just marked a new record extension low at 7909.07 at the close down by -150.53 (-1.87%) a stone's throw to our initial objective at 7885. Which would be met with a lot of market capitulation from most main street investors.
ReplyDeleteInstitutional money managers and broker houses would be more than willing to take what the market gives back. Watch for the pm intervention session as a lot of market scrambling activities are at hand before the end of the week is over. Next week would be a short trading due to the Holy week holiday schedule in the Philippines.
Sequence Analysis & Update: As of March 22, 2018 POST Market Selloff PSEI 7909 Recovery to 8124.45
ReplyDeleteLINK:https://plus.google.com/+JSTAlexander/posts/S65j3uBYzuE
#PSEI from the high at 9078 to the current low at 7834 is a decline of 1244 index points less than the actual narrative HI/LO range of five consecutive weeks that has an average
ReplyDeletedecline of -229 points as of March 26, 2018. Not including the total index points of -699 from the month of February have far exceeded the 10% correction territory that other PH analyst have claimed.
The bear market territory already began when the PSEI broke the 8333 levels of its 1st market move which provided the signal that the same length of price action decline could equal or exceed that of the 1st leg of the price reversal from 9078, which is currently in full swing as of today the 26th of March towards the end of the 1st quarter trading.
Although, the new set of lows with the index and their respective underlying assets forms part of a new FIBO TL cycle pattern that would form a 'Cluster Base of Price Formation' moving forward into the 2nd quarter trading.