This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Thursday, January 24, 2008

DJIA, 1/23/08

We finally get a countertrend rally from the NYSE. It is likely that Asian markets including the PSEi will follow suit today. If they do, then this could offer a good opportunity for very short term and highly disciplined trades on the long side. Also a good bail out point for those who have been waiting for a good exit.

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