PSEi’s @ 6813 – Important level to Watch

July 15, 2013 at 10:57 am 6 comments

Let me begin by saying me this quote before the 2nd paraburst happened…

First of all Weekly RSI of PSEi is still in parabolic status. Break that weekly RSI 70 level and a thousand-point drop is just peanuts. Laugh all you want, Call me crazy, or call me maybe, but ive seen a lots of parabolic bubble burst (paraburst) in my lifetime. It aint funny.

We are now once again on that juncture and we might face the same predicament in a month or two. being the 20% from low of 5678, level 6813 is sort like the “magic” level (cant think of any ek ek term yet). base on parabolic theories and 20% rule, (these byt are also ek ek theories), “a level coming from the 20% of low is a pivot for a possible retest of high. a break on that level means momentum is back in force. however, the greatness of such breakout is emotional in nature and unsustainable. Any retest of highs fashioned within a parabolic curve normally equates to a huge bull trap”. ano raw? nak ng tokwa, did i just said that? arte arte me.

Breaking that level will trigger the “tilian to joy moments”, “investor’s extreme bullishness” and the stock market genius in me will revive.
Most common to be heard will be
1) sabi ko na nga ba e
2) asan na ang mga seller ngayon
3) kawawa yung mga ng sell
4) hot money my ass
5) basta long term kikita ka
6) sayang indi ako naka pag add sa baba
7) ang kyut talaga ni spy
and many more. Euphoria will start all over again. Analyst will reco left and right, calling for a psei 8000 or more by year end. To those who have been following the parabolic face of gold, you know the drill.
just like when psei was at 7200+ level, we call it first at BoH as the index top and would rather miss all the fun if we are wrong and if index goes 8,000. But mind me, i rather have moolah than being a tsamba. The market plunged bigtime and so were my ipits. nak ng tokwa.

August and September is a very crucial month for the index. And if the index goes above 7,000 once again, we again set our stops and will sell the spikes, and again. we will rather miss the fun if index goes 8,000.

Again the parabolic face of gold 2011 and the PSEi.
1) 7000 min, max 7400 give or take, August to Sept
2) 6100 to 6300 by year end
3) 4500 levels by 1Q 2014

Again and again base solely if both have the same face. So far, we called the first paraburst last March and the second one which was a “puke” ever paraburst last May. As early as january of this year, we publicly embrace the idea of PSEi and of that Paraface of Gold.

Call me crazy.. or call me maybe.

Previous articles here
https://spyfrat.wordpress.com/2013/06/14/psei-paraburst-update/

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

Quote of the Day Reference Charts – PGold & Cosco

6 Comments Add your own

  • 1. Rightchoose  |  July 15, 2013 at 11:36 am

    “ang kyut talaga ni spy” lol. Maybe or crazy? (maybe crazy?) Gracias for the analyses senyor!

    Reply
    • 2. spyfrat  |  July 15, 2013 at 11:47 am

      pagbigyan mo na ang cuteness ko senor 😀

      Reply
  • 3. Mar  |  July 15, 2013 at 11:39 am

    Nice one…I like the “ek ek theories” it may sound crazy but that is how the the market has been mis/behaving lately…hahaha.

    Reply
    • 4. spyfrat  |  July 15, 2013 at 11:48 am

      ek ek > angas *gigols*

      Reply
  • 5. Mar  |  July 15, 2013 at 11:40 am

    And I’d like to call you…maybe, hehehe

    Reply
    • 6. spyfrat  |  July 15, 2013 at 11:48 am

      yannnnn haha. 🙂

      Reply

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