The LTG Thesis

November 12, 2013 at 11:48 am 6 comments

It started with a thought. A script. A thesis. A roadmap. That’s what the guys back at BoH Bettor Society (Betting On Harmonics) normally do. They plot Algos. They trade the flows. They chart the uncharted. In short. Angas.

The warning came when LTG’s was at the the 19 levels and hitting its kiss of the 50ma target (previous post at https://spyfrat.wordpress.com/2013/09/25/for-smp-post-ltg/ )

http://www.stockmarketpilipinas.com/thread-63-page-387.html

Senor Jitka reiterating his thesis last Oct 17. Senor Jojo hinted as well the eventual w5 bottom.

ltgthesis

As the green guy who have introduced the wonders of the 3-Pushes, the roadmap to such is now visible.

Current Chart of LTG
ltg3pushdown11122013

References:
http://www.cobrasmarketview.com/3-push-updown/

http://education.afraidtotrade.com/education/chart-patterns/three-push-pattern/

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

Parabolic High Risk (PHR) Alert – NXT Tale of the Tape – ALI and JGS vs MARC

6 Comments Add your own

  • 1. pong100  |  November 12, 2013 at 1:31 pm

    nice analysis, senor πŸ™‚

    Reply
  • 2. Smiley  |  November 12, 2013 at 4:58 pm

    Ganyan din ba mangyayari sa PSEi senor spy? Mala 3 pushes down?

    Reply
    • 3. spyfrat  |  November 14, 2013 at 9:40 am

      a possible scenario senor. still i would lobe to see the index fetch higher kahit 6600 lang.

      Reply
  • 4. Smiley  |  November 14, 2013 at 10:45 am

    Senor Spy ano basa ni senor genkumag sa index this year? Same as your gold-like thesis ba? Big tnx! πŸ™‚

    Reply
    • 5. spyfrat  |  November 19, 2013 at 4:13 pm

      From General Kumag πŸ˜€ (post without permission). sensya bok πŸ˜€

      Here in BoH, we believe that trading is easy such that when it’s not, we’re doing it incorrectly.

      So far, our non-index bets and to a limited extent our index choices have been working very well. Our index reading, on the other hand, hasn’t been as sharp with the reflexive bounce we believed as the bottom last week failing to get any traction this week.

      To see where we are, we forced ourselves again to do our check-list and here’s what we came up with:

      Positives:
      *PCOMP still comfortably above 6176-6250 critical support.
      *Short-term traders likely still in cash since being stopped out at 6458.
      *Seasonal factors expected to kick in going into December.
      *10-yr USTs currently at 2.66% or markedly below 3.00% high registered in August.

      Negatives:
      *Lower high below 6400 threatening a potential H&S.
      *Algo sell bias for 8 days straight.
      *Non-stop foreign outflows since early October.
      *Market breadth barely holding positive skew but off Oct. highs.
      *Huge IPOs; capital raising in November may spillover in Dec.
      *Toppish US equities may correct sharply and trigger global risk aversion.
      *Negative coverage and commentaries on EMs from foreign brokerages (explains the negative price action across EM space).

      Our bias: range bound market based on PCOMP-GOLD structure.
      Our alternate reading: range bound market that transitions into a Lepanto script. We haven’t posted this yet but we’re clearly wary about such potential going into 1Q14.

      We’ve moved key level to 6316 as our end of week reference. Three days left and we’ll get a firmer market reading. For now, trade what you see.

      Reply
  • 6. Smiley  |  November 20, 2013 at 5:50 am

    Nice 1 senor spy! Big tnx!
    Same old senor genkumag, detailed n direct 2d point. πŸ™‚

    Reply

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