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).

Friday, August 1, 2008

DJIA 7/31/08

MARKET BREADTH NYSE
Net Advancing Issues -760
Net New Highs -72
Net Up Volume -1,684,767,244

TRENDS
*PRIMARY DOWNTREND | Directional wave | Prior support 10827 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior support 10827 | Prior resistance 11698
*SHORT TERM PROVISIONAL UPTREND | Directional wave | Prior support 11125 | Prior resistance 11698

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