The market today was down 44 points by 12 p.m. but a huge transaction from ALI, sold down to 14 by 12:01 - 15.25% decline, further dragged the index down by 88 points to 3530. 5 points away from my personal support! Next major support should hold at 3480 or above to maintain the current uptrend.
Bought MPI today at 3.29 after bouncing from 3.25 which is its previous resistance, closing at 3.30 with 1 centavo gain.
AGI continued to decline beyond my initial entry so I decided to watch it for the mean time. Tomorrow will confirm if I'll take a position here again.
MEG seems it is going to decline further this week before reaching my entry price. I am just concerned with today's gap down as it is accompanied by high volume but I am more inclined in taking a position here. I'll further observe its movement tomorrow before taking a position here.
LPZ seems to be holding up at current levels. However, the double top at 5.45-5.47 is worrying me so I am really sure to take a position here.
I am also disappointed with FLI as I was right in predicting its move today. I should have taken the 2% and moved to a better position instead. From the looks of it, it is still poised to go a little further before bouncing up. Why didn't I sold it yesterday?
Looks like the index is still going to be red again tomorrow. I didn't expect the market to correct this sharp. I hope I'm wrong again this time.
Standing at 12.41% gain today of the 25% target.
