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).

Wednesday, September 24, 2008

DJIA 9/23/08

MARKET BREADTH NYSE
Net Advancing Issues -1,522
Net New Highs -147
Net Up Volume -2,110,604,945

TRENDS
*PRIMARY DOWNTREND | Directional wave | Prior support 10827-BROKEN | Prior resistance 11867
*INTERMEDIATE DOWNTREND | Corrective wave | Prior support 10459 | Prior resistance 11867
*SHORT TERM DOWNTREND | Corrective wave | Prior support 10459 | Prior resistance 11500

CHART WATCH
The Dow continues to trend down. Sell on rallies.

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