Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.

Thursday, June 9, 2011

P6


P6 chart, sideways from Feb to March, and the catalyst was people were in cash because of events in Alegria, Egypt, Libya and Tsunami.

When majority are spook and in cash, their money always push the market up when they decide to re-enter the market, not unless all will retire trading. 
When the market went sideways from April 5 to Present, foreign buying was  up 16,948,647,262 pesos against foreign selling.  Accumulation. You can control the market for a day, but can never control the market as a whole. Just my Opinion.


When you understand how fear operates in your trading and have conquered it, you will be able to see how fear operates in the market as a whole and then be able to anticipate the group's reaction to certain kinds of information> M. Douglas

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