Thursday, November 8, 2007

PSEi - gap down

PSEi = 3692.1 (-2.5%)

PSEi formed gap down black candle with big volume... crossed below 32MA

Possibly PSEi aggresive demand line broken and if PSEi still remains bullish, aggressiveness of demand has been toned down at the least.

Questions:
1. when will the gap be closed?
2. if us market up tonight will psei gap up tom? if gap up tom can one day be considered an island reversal?

Support: 3668/3626
Resistance: 3740-3769 (gap down)

Good luck to all traders!

.Mac (Apple Computer, Inc.)Fujitsu Computer Systems CorporationIomega CorporationWestern Union

No comments: