PRICE AND TURNOVER
Close: 2,421.72
Change: -114.44 -4.51%
Value: 2,563,759,000
MARKET BREADTH
Net Advancing Issues: -94
Net Up Volume: -1,328,710,500
Net Foreign Buying: -978,615,835
TRENDS
* PRIMARY DOWNTREND | Corrective wave | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Broken trendline | Corrective wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM DOWNTREND | Prior support 2632-BROKEN | Prior resistance 2755
CHART WATCH
The PSEi goes parabolic in sympathy with the Dow. Expect a temporary capitulation leading to a bounce in the near term before resuming its downward trend. Sell on rallies.
Close: 2,421.72
Change: -114.44 -4.51%
Value: 2,563,759,000
MARKET BREADTH
Net Advancing Issues: -94
Net Up Volume: -1,328,710,500
Net Foreign Buying: -978,615,835
TRENDS
* PRIMARY DOWNTREND | Corrective wave | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Broken trendline | Corrective wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM DOWNTREND | Prior support 2632-BROKEN | Prior resistance 2755
CHART WATCH
The PSEi goes parabolic in sympathy with the Dow. Expect a temporary capitulation leading to a bounce in the near term before resuming its downward trend. Sell on rallies.
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