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).

Sunday, October 5, 2008

PSEi 10/3/08 WEEKLY MARKET REVIEW


PRICE AND TURNOVER
Close: 2,566.21
Change: -46.68 -1.79%
Value: 2,303,345,000

MARKET BREADTH
Net Advancing Issues: -42
Net Up Volume: -582,053,420
Net Foreign Buying: -742,731,535

TRENDS
* PRIMARY DOWNTREND | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE CONSOLIDATION | Prior support 2289 | Prior resistance 2755
* SHORT TERM DOWNTREND | Correction | Prior support 2342 | Prior resistance 2755

CHART WATCH
Net foreign selling approaches the YTD high of 27.8B.

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