Waiting Game

I'm running out of things to do, these days. :P I've positioned in certain issues and there's really not much for me to do but wait. For my high fliers, I am looking at a short-term consolidation for the next few trading days before it resumes its uptrend. It's healthier that way, right? Anyway, there are those that have already rested. I'm rather interested in MEG and AGI. I sold some of AGI yesterday at 12.20. I wonder if I should have bought back at 12 already. I was expecting a break below 12 but it didn't. Anyway, I was already thinking of my possible buy back scenarios this morning (as I had nothing else to do :P). It's either I buy below 12 or higher than my selling price of 12.20 since I won't be able to confirm the bull flag until it breaks out. MEG also looks like AGI. It's consolidating at its highs and today, closed at its previous high and resistance of 2.79. Do I see 3 pesos coming? :P 

Ah, I found some extra cash (parang nasa floor lang eh no?). I bought AP and CMT. Both are consolidating at the highs. Come on, momentum! :P

Hmm... PX is showing signs of life. Isa pa un, I think a breakout is coming. You can find resistance around 14.66 to 15. I've had it with this stock though. Haha! I don't know why but for some reason, I can't bottom pick it. Maybe it's too volatile for my liking? So I always end up being whipsawed. So, I've decided I'll wait for this one to breakout. I'll buy on retracement. 

DJIA is up 170 points?! My sister just ym-ed me saying she doesn't like the Dow because when the Dow is up, we go up at first, then go down after. Hahahaha! The question we need to ask first is, Are we still negatively correlated? I can't be too precise about the math but I noticed the past few weeks, when the Dow is up, we are also up. I'm not feeling the negative relationship anymore so this 170 point gain may be good for us. Maybe trigger an acceleration to the upside? Please? Hahaha! Kidding aside, I think our market is the kind of market that thrives on good news. Let's see tomorrow! I want to know how the market will react. I am definitely bullish on stocks that are currently consolidating. Maybe the Dow can trigger their breakout.