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).

Monday, October 6, 2008

PSEi 10/6/08

PRICE AND TURNOVER
Close: 2,499.53
Change: -66.68 -2.60%
Value: 2,126,733,000

MARKET BREADTH
Net Advancing Issues: -79
Net Up Volume: -553,400,970
Net Foreign Buying: -137,508,690

TRENDS
* PRIMARY DOWNTREND | Prior support 2289 | Prior resistance 3896
* INTERMEDIATE CONSOLIDATION | Prior support 2289 | Prior resistance 2755
* SHORT TERM DOWNTREND | Prior support 2342 | Prior resistance 2627

CHART WATCH
Net foreign selling is now testing the YTD high of 27.8B.

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