A quote from BoH Bettor Society, the local version of Zerohedge

June 24, 2013 at 10:40 am Leave a comment

Trend following system based on monthly chart shows a buy signal taken on July 2009 is being stopped out for the first time in 4 years this June. Of course the premise of the stop out is that the market closes the month below 6253 since stops are observed on an end of month basis. Fantastic system, if followed at all. But the point is, if strong hands such as these are only now being stopped out, how can one seriously argue that the “party is just getting started”?

Nice quote. sometime ago we featured here how monthly parabolics have ended.

Last January 31, 2013
It was in 1993 and 2007 that the PSEI’s 3 periods (daily, weekly and monthly) went parabolics. This is the 3rd since 1987. There were pros and cons. The cons is a bit dramatic specially the 2007 paraburst. to be cont. *bitin*
https://spyfrat.wordpress.com/2013/01/31/psei-all-3-charts-are-parabolics/

Here’s the psei monthly chart we’ve previously pointed out.
https://spyfrat.files.wordpress.com/2013/01/pseimonthlyfeb302013.jpg

https://spyfrat.wordpress.com/2013/01/31/saigon-kick-psei-parabolic-update-part-2-and-the-apple-inc-parabolics-many-faces/

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Entry filed under: Phisix's Closet (PSEi).

no W Sorry, no more computer sissy post

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