Tuesday, April 21, 2015

Philippine Stock Exchange Index (PSEi) Short Term Count

I play tennis 3-4 times a week, around the year and with the same group of guys (mostly Filipino) for the last 5-6 years now. Even though these guys love to gamble, never have i been asked about the stock market or other forms of investing. That was until the few weeks ago which took my attention to the PSEi Composite. I followed up on that conversation with the below messages..


The PSEi broke 7955 on April 2nd and topped on April 13th at 8130. It is now -3.5% from its peak.
The EW short term count is below, the long term count in the next post.