PSEi, lost 10% in 2 months trading 6-9-2015

Since the Head and Shoulder pattern we had last week. It had a technical target downside of 7332.

Uptrend since 2013 is also set around 7400 level. Making 7332-7400 level a strong support for a bounce. But as of 130pm today, June 9, 2015. There is no strength of stock buying, every refresh makes an intraday low.

The decline since 8310 was so rapid that we already dropped 10% from the peak. And still around 20.70X P/E.

The uptrend support since 2013 should hold at around 7400, else we may erase all the gains we had for 2015.

Worst case if PSEi does not hold above 7400, is a breakbelow of medium term uptrend, with target downside of 6900.

Long term uptrend from 2009 is now at 6500.

RECOMMENDATION: It is a BUY if it can hold above 7400. If not, I am willing to wait to revisit 6xxx at worst case.

Germany, London, HK, China and SPX : weakness strikes 6-9-2015

PSEi update from Head and Shoulder pattern 6-2-2015

PSE confirmed Head and Shoulder Pattern, downside 7400-7480 5-28-2015

-Updates from our post last month regarding possible Head and Shoulder pattern for PSE with target downside of 7400.

http://theamazingchart.blogspot.com/2015/04/pse-short-term-breakdown-medium-term.html

Last week, for almost a month, Right Shoulder was formed, and yesterday, it broke down the neck line, confirming the Head and Shoulder pattern. Downside target is 7400.

I don't have my charts as of today so I cannot estimate the exact numbers.

The uptrend line since 2013 should be around 7400-7480 as well. Coincides with that HnS targets.

Let your instincts decide on this fruitful forecast :)

China Bull Market: looks exactly what happened years ago 5-22-2015

The China Bull Market is looking exactly the same as what happened years ago.

2000 to 2006 - China sideways to down for 6 years.

2009 to 2015 - China sideways to down for 6years.

2006 to 2008 - 2years with 500% to 550% rally.

2015 to 2017?? - 2years with 500% rally again to reach 6k level?

The legs of this rally is looking almost 90% as what happened years ago. I have no recommendation to chase it up. But trend looks exactly what happened years ago.