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, July 22, 2008

DJIA 7/21/08

MARKET BREADTH NYSE
Net Advancing Issues 895
Net New Highs -90
Net Up Volume 244,184,914

TRENDS
*PRIMARY DOWNTREND | Directional wave | Prior support 10683 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Corrective wave | Prior support 10827 | Prior resistance 13136
*SHORT TERM DOWNTREND | Corrective wave | Prior support 10827 | Prior resistance 12320

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