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).

Tuesday, September 9, 2008

PSEi 9/9/09

PRICE AND TURNOVER
Close: 2,721.52
Change: -7.01 -0.26%
Value: 2,162,514,000

MARKET BREADTH
Net Advancing Issues: -46
Net Up Volume: -420,072,110
Net Foreign Buying: -9,431,872

TRENDS
* PRIMARY DOWNTREND | Corrective wave | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Broken trendline | Correctivel wave | Prior support 2289 | Prior resistance 2903
* SHORT TERM UPTREND | Corrective wave| Prior support 2632 | Prior resistance 2778

CHART WATCH
A potential failure swing appears on the short term uptrend when the index peaks at a lower high of 2755 on Sep-4.

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