Monday, November 12, 2007

PSEi - gap down looking for support

PSEi = 3618.37 (-2.3%)

PSEi formed a gap down black candle.

PSEi seems to be accelerating its downtrend and maybe retracing towards the 38.2%. It would be of great relief if PSEi manages to bounce at the 38.2% Fibonacci retracement as this is healthy and will likely be a correction before moving higher.

Good luck to all traders!
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