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).

Monday, February 11, 2008

PSEi, 2/11/08


PRICE AND TURNOVER
Close: 3,179.48
Change: -61.65 (-1.90%)
Value: 1,566,252,000

MARKET BREADTH
Net adv/dec issues: -47
Net up/down volume: -379,683,280
Net foreign buying: -157,251,969

OUTLOOK
The index closes lower by 1.9% on thin volume. The short term downtrend continues and until contrary evidence surfaces we can only assume that it will find potential support at the 3,000 level.

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