PSEi is holding on for quite a while, even with the great volatility of the market.
But Monday, March 10, 2008's price action scared me, that it might break the long term trendline. It broke the support at consolidation at 2994! Bad sign, the ship is 70% sinking!
The target price at break down? 2011, it is way below the the major trendline that's been intact since 2003!
Hold on to your cash dear friends, the market is real roller coaster!
Ayaw pugsa kung d na ka ka-kwarta! Magdugo unya! :P
See the chart for better visual view.
-- Charts to follow, I can't upload successfully --
Tuesday, March 11, 2008
PSEi Breaks the the support at consolidation !
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