Technical Insider

PSEi = 3504.38 ( -3.2% ) PSEi formed a gap down looong black candle. Volume increasing. Bearish. PSEi now trading below 32MA, 65MA, and 130MA. Bearish. PSEi has retraced more than 61.8% of the recent rally. Unhealthy retracement of the recent rally. Less likely for the rally/uptrend to continue. RSI heading south. MACD: Fast line about to cross below slow line... Both lines below zero line... Careful traders... Looks like an awful start for the year of trading the stock market...

DJIA = 13,043.96 ( -1.67% ) DJIA formed another black candle, for the 4th time, with lower low and lower high. Increasing volume. DJIA moved below support at 13,100 (a recent previous low). Bearish? might test support at 12,800... Careful traders...

MWC testing resistance at 19, among most active, increasing volume, higher high DGTL among top losers GEO among top losers RLC among top losers SPH among top gainers MEG among top gainers DIZ lower low CHIB huge volume, 7/13/2007 = 36,430 ALI testing resistance at 14.75 MER higher high BDO higher high GMAP among top gainers EDC among top gainers, testing resistance at 7.8, among top gainers DGTL buying opportunity? Weird: MEG open at 7.4?

MWC testing resistance at 19, among most active, increasing volume DGTL among top losers GEO among top losers RLC among top losers SPH among top gainers MEG among top gainers DIZ lower low Weird: MEG open at 7.4?

PSEI = 3621.6 ( -1.30% ) PSEi formed a black candle with lower high and lower low. Volume increasing. PSEi might have closed previous gap up... Good luck to all traders! Happy new trading year to everyone! Happy new year to all!

DJIA = 13,264.82 ( -0.76% ) DJIA continues to form third black candle with lower high and lower low. Volume increasing. On its way to test support at 13,100? Good luck to all traders!

DJIA = 13,365.87 ( 0.05% ) DJIA againd formed another black candle with lower low and lower high. Volume increasing? DJIA continues to correct/trend down... Good luck to all traders...