Chart of the day: ASEAN Twins are Back!

Just after the Phisix hit a milestone high in April 2015, a curious coincidence appears to have developed. Then I wrote,

Here is a trivia, aside from being heads of states of two of the largest ASEAN nations, what does Philippine President Aquino and Indonesian President Widodo share in common?

Well the answer is that both presidents graced their respective stock markets in April where both indices had been at record highs. In addition, both political leaders delivered their desired targets for their respective stock markets during the said occasion.

Well, what do you know? The twins are back!!!!

PS. It has been truly spectacular to see how corrections at the PSE would prompt for stunningly vicious price pumping.  

As noted this weekend, 8,000 has served as a Maginot line from which must be defended at all costs! So yesterday's low volume compulsive-obsessive bidding designed to heave the headline index back to 8,000. All these reinforces the entrenchment of the entitlement mentality, the PSTD (fear of crashes), and the deepening emotional attachment or convictions of a one way street. And this could likely lead to a final vertical BW-SSO runup.  

Moreover it's truly amazing to see how such pumping would be powered by post-lunch coordinated or well organised afternoon delight pumps! History is in the making.