Agreed is Greed with an A

This one's a real monster right here. I've been hearing people compare PWR's outburst to BW. Fantastic, indeed! ...And just when everyone thought it can push higher for another day, its week long monstrosity ends today. You know what today's high of 5.66 is called? Greed. This morning, I already had a sinking suspicion PWR will find a peak today. You know why? I used yet another human indicator. He said it with such certainty, that PWR can push for another day. That was it! I heard and felt the greed. But really, gap up to 5.50?? That's really crazy! I'm sure the shorts had some real fun today. ZHI, VITA and BHI also felt the force of gravity today. I won't paste their respective charts anymore. They all look the same with some very mean looking black candles. :P

To the ceiling stocks and stockholders, I dedicate this song for you:

"Well, it was just a dream,

just a moment ago.

I was up so high,

looking down at the sky. 

Don't let me fall. 

I was shooting for stars

on a Saturday night.

They say what goes up 

must come down,

but don't let me fall." 

Anyway, let's go general. The PHISIX only gained 9 points today. If you look at the daily chart, you'll see that the index is losing momentum as evidenced by declining volatility. I expect the index to move sideways or correct a little from here. Then hopefully, we can continue our uptrend.

Honestly, I haven't been paying that much attention to the PHISIX. Hindi naman kasama sa index stocks ko eh! =)) Well, some lang. Instead, I try to spot the shift in plays. One play ended today and I think another began. It's the play that started it all.. LOLO is back! And it tagged AT and PX along with it.

Let's focus on LC. I like its chart best. Check it:

Do you see what I see? LC now looks like it's accelerating to the upside. I can't adjust the chart but I did some manual computation and I arrived at a 1.3 target for LC. Up, up here we go! Good luck, traders!