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
No comments:
Post a Comment