GHOST MONTH ??- Buy or Bye

AuGhost, SeptemBear, OctoBear, NovemBear, DecemBear ??.

Ano nga ba itong Ghost month, kailan at bakit ito nangyayari?
Bakit wala gaanong naglalaro? Nasaan ang mga foreign funds? Bakit weak market?

This is happening every year, starting August to mid of September. Hungry Ghost Festival, a Chinese tradition. Temporary weakness of the Market. Global fund manager taking their annual vacation. The stock market, in general, is expected to move sideways with Bearish bias due to lack of Buying support. The market is also getting tired and need some rest after moving up for several months. It needs to rest, just in time for the Ghost month.

What do you observe with this price action?
Chart is your Friend if you know how to use it.

It is a Chinese belief – no moving house, no new business, no wedding/engagement. Paniniwala ng mga Chinese na Aughost month daw ay magdadala din ng bad luck sa kanila pag naginvest sila. Badluck for Chinese and for chinese investors. Bad luck din daw pag gumagawa sila ng kahit anong klaseng financial decisions this ghost month. So since most business people are chinese, naaapektuhan din po ang market natin. During August din sa mga European and American this is their vacation, ang Market kasi natin dependent talaga sa mga foreign yan.

During Ghost month we have this lower volume, mababa din ang Index, bumabagsak ang mga blues/blue chips. December to January I guess is the best time to start bodega. Sobrang bagsak ng mga stocks, start of reversal hanapan lang ng good timing. Dahil yata madami ang naniniwala dito some stay liquid na lang sa kanilang position. Thats why maririnig nyo ang famous slogan na “Cash is King”. At sa sobrang tumal, mga basura stock na lang ang bida at nagkakaroon ng laro.

Maganda pa rin na kumita tayo bearish o bullish ang market. HOW? By market timing, by means of information katulad nitong nabasa mo ngayon. But don’t force your trade. And if you have Traders Empire Book, you may read page 143 to 146. If this blog is informative, do share it to others. Sharing is caring

CAVEAT EMPTOR everyone it means, Let the Buyer beware.

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