#PSEI - True REVERSAL of FORTUNE Post 8605 - Part 2

EXCERPT: Posted Nov 10- 13, 2017

Post PSEI's 8605 record level have given the market a much wider price range to work with a low at the current closing at 8433 as of Nov 10, 2017. This provided the market another 'Cluster Formation meeting a Resistance' level resulted into a whipsaw on stocks under performing the index to 'Diverge' from the current bullish sentiment as prices continued to pullback with the closing price of the PSEI.

Nov 13th - Monday's low at 8330 the PSEI High/Low trading range is back down from the previous month's gain. What else is new as foreign outflows leaves the PH market while main street absorbs decline. This 1st decline has validated our market call on the closing report last Nov 10 that provided a greater probability and bearish signal for a wider range in the making.

Today's Post PSEI closing price at 8273.44

Identified by Price Action from High / Low range, Not from chart pattern

True enough from our last comment dated the 13th of Nov '17, the PSEI have again set the tone for another triple digit decline closing at 8273.44. And this came from an higher closing price from a Last Minute Rally - LMR on Tuesday at 8379 from a daily low at 8280.

Nov 15th - Wednesday's new low marked at 8260 remained while closing for the day at 8273.44 as stated above. The wider range have been the markets way of shaking out the rookies, (figure of speech) against tail-end, speculative FOMO trades made  well within the 'Cluster' which not a lot would have probably noticed 

Take Note of the chart dates: Starting from Nov 10 - 15th 2017 Price end-result

As defined, prices have met a level of RESISTANCE  that has now been confirmed from three consecutive declines. Plus a backdrop of regional declines from Asia and the correction on US equities adding more to the selling pressure. But some news agency still reported that these decline were attributed to investors 'locking in profits' for lack of a better term by  'securing profits made earlier'. 

Again, these are just two typical case examples we'd like to emphasize for local investor / traders to watch out for. Until such time the new guidelines on "Short-selling' be implemented by the exchange. And the PH stock market maybe well behind when it comes to global trading standards compared with the other notable exchanges providing a real even level playing field for main street investors the same way that professional traders and institutions have for greater transparency and accessibility.  

Market & Price Call - VALIDATED by PSEI price Action from Nov 10 to the 15th 2017 market closing. Read 'Exclusively shared comments' on post which were made before and after the fact for proper reference and due diligence. Full disclaimer apply.

Related Information: Reversal of Fortune Part 1 - Post Meltup

#PSEI REVERSAL of FORTUNE Post 8605 Record High Closes Lower at 8376

Back to the old drawing board...so to speak!

With Friday's new high at 8605 levels had moderate volumes to account for the rally as corporate earnings beating expectations were giving the lift at the early session. Again, the irony of having re-established another wide range from 8365 to 8605 gave the market a good enough reason for a considerable pullback that ended the PSEI closing at 8376 slightly above from which it came from. This type of market behavior is to be expected and has become a norm for PH institutional traders with the exception that this Friday's pullback were overdone. 

#investors #trading #investing #strategies - For the Right Reasons

Stock components on the PSEI sectors generally left in the red have lost more than what they gained from the previous rally. The PH stock market's behavior we've seen countless times; where retail investors and traders are at a lost to manage such price swings and are left hanging with the bag.

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But if its any consolation SM has indeed marked 1000 in today's market action but pullback at the closing price of PHP967.00. A retest would not be discounted no matter where the PSEI goes. Naturally SM would not be left behind when it comes to their stock price. AC, SM and GTCAP are in, who's next in line?

Learn to anticipate market movements other than developing market timing as it surely can help traders avoid unnecessary trading pitfalls.