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 4, 2008

DJIA 9/3/08

MARKET BREADTH NYSE
Net Advancing Issues 61
Net New Highs -85
Net Up Volume 115,263,860

TRENDS
*PRIMARY DOWNTREND | Corrective wave | Prior support 10827 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Corrective wave | Prior support 10827 | Prior resistance 13136
*SHORT TERM UPTREND | Broken trendline |Corrective wave | Prior support 11290 | Prior resistance 11867

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