Part of my Portfolio and PSEi "bullish" forecast 1-3-2013

My only stock in my portfolio which has turned to GREEN ! 40-50%. Cash still sitting on the sideline :)

Most of the stocks I observed have already executed the NINJA MOVE, the false breakdown strategy that will trigger stop loss on several brokers/machine and automatically buy up after an hour or two.

These gave us a hint that possible bottom could be seen soon!

Now that US may give back the 30% YTD gains for 2013, we may see some weakness soon, and that weakness could finally give us a final blow to accumulate PSEi stocks.

Elliot Wave also suggests that final minor wave c of Major Wave C could be coming after minor wave b  rally to 6000-6500 level(estimate of 6100-6200). If ever minor wave of Major Wave C could be a higher low, then its OK as long as US corrects healthy in the coming months.

If ever PSEi dont hold around 5700-5800, the 4.5yr bullish uptrend support is now at 5420 and increasing. which means downside of only 200-300 pts below the 52week low, giving less risk than before. A break below 5420 is still a white flag for me buy when it hits that level but if it holds I strongly BELIEVE  Medium-Long Term downward pressure could be over!

Good luck and happy hunting!!