Trend Following our Market

Last thursday, I've finally setup my Amibroker to give me signals based on the turtle rules. I also set it up to automatically display confirmed harmonic patterns. Harmonic patterns tend to give reversal signals earlier than the turtle rules. And yes, I'm a newbie on using the turtle rules but my backtesting make me want to use this system going forward! :)

Based on this trend following approach, most issues in the market are still a "hold". As long as the trend continues, it is going to be your friend. Never try to predict tops but always take caution. PSEi also has a bull flag which can push our index higher this week.

Here are some buy signals:

PX - 20-day high breakout last 8/31.
PX - 55-day high breakout buy last Friday. This proves that PX is going to trend up further in the medium term.







CPM - Wants to join the AT/PX, LC/MA mining moves :) It's a 20-day high breakout. Also has a confirmed bullish extended AB=CD reversal pattern.
Either this trends further or moves sideways. Place your bets!








MA also showed a buy signal but I'm not comfortable with LOLO issues and it can't use the turtle rules because of its low ATR. Good luck!


By the way, if you have an extra ticket for the COL event on Sept 29. Akin na lang! :) Thanks!