Technical Insider

DJIA weekly DJIA formed a black candle with lower high and lower low. Bearish. DJIA continues to trend down. Weaker volume might be due to the shortened trading week because of Thanksgiving celebration. Black Friday has started in USA to herald holiday shopping. Good luck to all traders!

DJIA = 12,980.88 ( 1.42% ) DJIA formed a white candle with lower high but higher low. Volume was significantly decreased. Mixed signals but might be bullish. DJIA formed a shaven white candle which engulfs the real body of the previous black candle: possible bullish engulfing. This can be considered a possible reversal and can be confirmed if the following trading days will form higher lows and higher highs. Black Friday. The day after the Thanksgiving. Start of holiday shopping in the USofA. Good luck to all traders! I hope PSEi takes its cue from DJIA and forms higher lows and higher highs on monday :)

TA = 1.34 ( 4.7% ) TA formed a white candle with higher high and higher low. Bullish. TA might have found the bottom of its downtrend and seems to be looking for a level of resistance. Said bottom can be considered a level of support but since it is lacking in volume TA might merely be consolidating or moving sideways. Good luck to all TA traders!

NRCP = 2.85 ( 1.8% ) NRCP formed a white candle with higher high and higher low and significant increase in volume since 3 October 2007. Bullish. NRCP might have found the bottom of its downtrend. NRCP must head back up more than 61.8% so that this recent rise in prices is not merely a correction of the downtrend. Said bottom might be considered a support level for NRCP. I hope NRCP continues to trend upwards. Good luck to all NRCP traders!

LC = 0.47 ( 6.8% ) LC formed a white candle with higher high and higher low. Bullish. LC showing support from previous gap up at 0.43. Hopefully LC is on its way to test resistance levels. LC might be considered to be consolidating in the short term due to lack in volume of possible reversal. Good luck to all LC traders!

PSEi = 3494.44 ( 0.4% ) PSEi formed a white candle with higher low and higher high to test the resistance presented by the previous gap down. PSEi volume low. Might be due to absence of guidance from US markets due to thanksgiving holiday. Good luck to all traders!

geo pre open suggest close of previous gap down, trading around the lower edge of the previous gap down, lost momentum, higher high, among most active, higher low NI pre open suggest close of previous gap down, lost momentum, higher high T bust secondary offering... SPH among top losers... bastich! DFNN possibly forming a pennant, lower low FPH among top losers ETEL among top losers WEB among top gainers PEP among top gainers LOTO higher high FGEN higher high LC higher high and higher low... might be respecting previous gap up as support level... might be a buy and hold till sing of resistance Note: Interview of absolute traders technicians at DZBB (594khz)on sunday 11am News: Technical problems are preventing the Philippine stock market from calculating the main index's moves on Friday, a spokesman from the exchange said. http://www.abs-cbnnews.com/storypage.aspx?StoryID=100122

SMC = 45.5 ( -3.2% ) Looking at the historical chart of SMC... looks really bad... Careful traders of SMC...

geo pre open suggest close of previous gap down, trading around the lower edge of the previous gap down, lost momentum NI pre open suggest close of previous gap down, lost momentum T bust secondary offering... SPH among top losers... bastich! DFNN possibly forming a pennant FPH among top losers ETEL among top losers WEB among top gainers PEP among top gainers Note: Interview of absolute traders technicians at DZBB (594khz)on sunday 11am

SPH = 7.7 ( -2.5% ) SPH formed white candle but continues to form lower highs and lower lows... BASTICH! Good luck to all SPH traders...