On Market Predictions

7 March 2012

Overnight, most world stock indices were down about 1.5% to 2%. a lot of times, the Philippine stock market is slightly slower when markets move in unison.

4,967.39 x 2% = 99.35
4,967.39 x 1.5% = 74.51

A drop of around 50 to 75 points is probably in the books for today. This kind of thinking is not trend-following at all, but is quite fun to do. I don’t think it helps, or should be done by trend-followers. It’s a distraction from one’s core system. But an entertaining one at that!

Market predictions are fine for entertainment, but are unnecessary to produce trading profits. (They’re still a lot of fun!)

Advertisements
This entry was posted in Philippine Stock Market. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s