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, July 17, 2008

DJIA 7/16/08

MARKET BREADTH NYSE
Net Advancing Issues 1,740
Net New Highs -343
Net Up Volume -249,019,393

TRENDS
*PRIMARY DOWNTREND | Directional wave | Prior support 10683 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior support NA | Prior resistance 13136
*SHORT TERM DOWNTREND | Directional wave | Prior support NA | Prior resistance 12320

TECHNICAL ANALYSIS
Today's higher close could spark a correction rally.

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