Sometimes, out of curiosity and pure anxiety (Just kidding with the anxiety part. :-P ), I watch how the Dow develops. [This is made possible through http://www.freestockcharts.com] Gosh, Dow is down 221 points as of 10:46pm... At around 10pm, I didn't think this was a bear flag... More like I was hoping it wouldn't be a bear flag. But lo and behold, it is! If you base it on that, downside target or around -300. Too big though. Baka hanggang 200 points lang. Time to rally, Dow! :P
BTW, ang ganda ng layout sa freestockcharts. Sana ganito nalang ang layout ng PAM! Hahaha!!!
3 comments:
Nako... -300 doesn't sound so impossible now. -255!! :S Hehe
Abot ba ung chart na'to hanggang ngayon (thursday ?)-300 ata magcoclose.. Bearish naba?
Hanggang Tuesday lang to eh. Down around -250 points then, right. Then nagka -50 pa the next day. Nacomplete ung -300 na inexpect ko. Iba na ung dagdag na -345 today. Haha! Bearish in the short-term. Although oversold na so there is that chance na magbounce na. The only thing we're not sure of is if it will just be a dead cat bounce or this is the shake out already for the next big up move of the market. The next few trading days should tell us which path we're on. :)
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