Supercalifragilisticexpealidocious

It's hard to remember my bullishness on the Dow (only short-term) when the Philippine market still failed to perform better than expected after the Dow's 125 point gain last Friday. In fact today, we saw some very heavy selling. We were up around 31 points in the beginning but as trading progressed, that lead went down to as low as 0.45.

I have to admit I am very frustrated right now. I think a lot of people are. Prices have gone back down to my cost making it "alanganin" to sell. Aside from that, I'm also confused. Previous analyses showed a bullish second half but now, although there has been no break down yet, people are calling the market toppish. Then again, we really can't avoid a little speculation since that is really what the market is all about. But that still doesn't change the fact that I don't know what to do.

BTW, I'm starting not to like EDC's move. A bear flag is in the works as long as it's resistance at 4.95 to 5 holds.



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