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).

Tuesday, June 24, 2008

DJIA 6/23/08

PRICE AND TURNOVER
Close 11,842.69
Change -0.33 (0.00%)
Volume 720M

MARKET BREADTH NYSE
Net Advancing Issues -1106
Net New Highs -264
Net Up Volume -1,261,624,426

TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior Support 11731 | Resistance 13136 *SHORT TERM DOWNTREND | Directional wave | Prior Support 12076 - Broken | Resistance 12320 | TP 11800

TECHNICAL ANALYSIS
The Dow takes a breather after breaking 12000.

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