Cash Is King!

Unless you're trading in a market where shorting is allowed, it would be best to stay away from the market right now. A look at the PSE index shows that it has more room to drop. I'm looking at the 2100 level for now. But who knows what's going to happen after? Generally so hard to find wins during this downtrend. I remember early 2007, even without the aid of charts, I managed to harvest some decent gains. Thanks to that bull run (that was about to end). Now, the story is different and the best defense for now is to stay away and preserve that much needed capital.