Common Sense Trading - A Blue Jeans Approach to Philippine Stock Market Trading

The market is a scary place to be investing in now. As a result, those that have the guts or smarts as well as the money to invest in stocks have a good amount of time to choose what to buy. Because of the prevailing fear and uncertainty in the market, we cannot expect large sustained rallies quite yet.

With value turnover at Php2.2B, the PSEi climbed 20.95 points settling at 2118.75. Tsupitero thinks that the market below 1900 will be largely oversold. Will it go that low? Considering that it fell so quickly, maybe not right away. The traditionally bullish fourth quarter is coming as well, so that's another factor against it falling below 1900. Nonetheless, I'm already pooling some more funds to make a few year end purchases. I really believe that a few smart moves at a time like this can achieve handsome rewards. It's a buyer's market. :)

About a year ago, the Dow was pushing forward around the 14000 level. It was an exciting time. The Dow closed last week below 8500 at 8451.19 points. Will the PSEi take a cue from that and drop below the psychological 2000 level? The PSEi closed last week at 2097.80. down by almost 200 points amidst some recovery in Asia.