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, September 18, 2008

DJIA 9/18/08


MARKET BREADTH NYSE
Net Advancing Issues 1,747
Net New Highs -969
Net Up Volume -232,401,925

TRENDS
*PRIMARY DOWNTREND | Directional wave | Prior support 10827-BROKEN | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior support 10827-BROKEN | Prior resistance 11867
*SHORT TERM DOWNTREND | Directional wave | Prior support 11037-BROKEN | Prior resistance 11577 | TP 9600

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