"Take note, the Dow hasn't even dropped yet. There is something strange going on in the US markets right now. While the Dow is still relatively strong, the Nasdaq is visibly diverging. It's like only the blue chips in the US are still strong but most issues are already starting to fall." - Tsupitero
- really like what you said about DOW, indeed strange, unable to fall, but sometimes, really just waiting for something to go downwards. If I am going to choose which path I am, im more into "waiting for DOw to fall down" before reentering the market.
PSE broke its 3950 support as what we were talking about yesterday. Scary yet tempting prices, we'll see where and WHEN can PSE possible find its bottom. Our market really CANNOT follow DOW on its possible 5-10% correction, 10% for PSE = 3500? No way, we cant do that.... "Matutumba" long term uptrend natin.
http://theamazingchart.blogspot.com/2011/01/pse-market-long-term-and-short-term.html
quoting from www.tsupitero.com
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