PSEi - big black candle; aftermath of Bear Stearns

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PSEi = 2793.68 (-3.9%)

PSEi formed a big black candle with lower high and lower low. Volume decreased slightly.

PSEi might have reacted to bearish outlook of the US stock market and the collapse of Bear Stearns.

I hope PSEi manages to post gains today. I'm praying for a miracle that PSEi forms a higher high today :)

Kindly look at the formation of the RSI with respect to the Price. Price has formed a lower low, but RSI did not form a lower low... slingshot anyone :)

Good luck to all traders!
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