Michael S. posted an article on Me-Six - Dec 6, 2009, 7:51 am
PSEi (Chart: Daily Resistance: 3146 Support: 3036) Contrary to what I was expecting with the rising wedge formation, the index continued to move higher at the first day of trading last week. The up...
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Michael S. posted an article on Me-Six - Nov 29, 2009, 9:04 pm
PSEi (Chart: Daily Resistance: 3067 Support: 2974) The index seem to have formed a rising wedge that broke down last Friday. If this is indeed a valid formation, we can expect the index to move low...
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Michael S. posted an article on Me-Six - Nov 22, 2009, 5:58 am
PSEi( Chart: Daily Resistance: 3083 Support: 3000/2970) The index plunged further on the first trading day for last week, but it was able to recoup its losses by Wed and Thurs. The index is unable...
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Michael S. posted an article on Me-Six - Nov 15, 2009, 3:48 am
PSEi (Chart: Daily Resistance: 3070 Support: 2970) The index brokeout from the monthlong sideways movement and it is accompanied by relatively larger value turnover. As of current, the index is ov...
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Michael S. posted an article on Me-Six - Nov 8, 2009, 4:37 am
PSEi (Chart: Daily Resistance: 2970/3000 Support: 2905/2850) The index is still on a sideways movement for the past two weeks and the break of the 3000 that I was expecting did not happen. As of ...
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Michael S. posted an article on Me-Six - Oct 23, 2009, 4:41 pm
PSEi (Chart: Daily Resistance: Resistance: 3000/3092-3149 Support: 2915/2884) The index bounced back from 2 consecutive days of selling. RSI did bounce from the 50 level, which means.the market is ...
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Michael S. posted an article on Me-Six - Oct 18, 2009, 6:50 am
PSEi (Chart: Daily Resistance: 3000/3100 Support: 2915/2884) The index is still moving sideways and indicates a lot of indecision. Resistance at 3000 still holds and the resistance line from March...
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Michael S. posted an article on Me-Six - Oct 11, 2009, 7:54 am
PSEi (Chart: Daily Resistance: 3000 Support: 2884) The index moved higher last week, creating 2 gaps accompanied by large value turnover on the first gap, but lacked follow-through in its bid to g...
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Michael S. posted an article on Me-Six - Oct 4, 2009, 3:00 pm
PSEi (Chart: Daily Resistance: 2905/2960 Support: 2767/2721) The recent flooding did affect the start of the trading week, but not as much as I expected as there was low value turnover on the downw...
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Michael S. posted an article on Me-Six - Sep 27, 2009, 2:57 pm
PSEi (Chart: Daily Resistance: 2910 Support: 2767/2691) The index is still not in a good condition. There was no follow through on the upward move last Wed, and it seems that the resistance line is...
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Michael S. posted an article on Me-Six - Sep 20, 2009, 6:34 am
PSEi Weekly Chart PSEi (Chart : Daily Resistance: 2870/2910 Support: 2767 ) Looks like we now have a breakdown from the support line from March 2009 and further bad news is that it is accompanied wit...
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Michael S. posted an article on Me-Six - Sep 13, 2009, 2:53 pm
PSEi Weekly Chart PSEi (Chart: Daily Resistance: 2906 Support: 2840) Index still hasn’t broken out of the ascending triangle. Although technically this is still a valid ascending triangle, I ...
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Michael S. posted an article on Me-Six - Sep 6, 2009, 10:24 am
PSEi (Chart: Daily Resistance: 2895 Support: 2774) The index continued to move downward and no break-out from the ascending triangle happened. Even though the index moved lower, it is somehow resp...
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Michael S. posted an article on Me-Six - Aug 30, 2009, 5:42 pm
PSEi (Chart: Daily Resistance: 2895 Support: 2777) The index did not progress downward any further last week. It instead climbed up despite the large turnover on the downward move 2 weeks before....
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Michael S. posted an article on Me-Six - Aug 21, 2009, 2:49 pm
PSEi (Chart: Daily Resistance: 2894 Support: 2693/2352) The index continued to move downward to sideways. The last trading day was accompanied with large value turnover, but the action was downward...
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Michael S. posted an article on Me-Six - Aug 16, 2009, 3:22 pm
PSEi (Chart: Daily Resistance: 2894/3051 Support: 2780/2626) The index is currently moving in a tight ranging movement from 2780 to 2894. Previous resistance at 2780 is providing support; this is ...
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Michael S. posted an article on Me-Six - Aug 9, 2009, 8:59 am
PSEi (Chart: Daily Resistance: 2894 Support: 2686, 2626, 2352) The index is now on its way down temporarily. Support levels are the following, 2686 (the 38.2% fib retracement), 2626 (previous high)...
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Michael S. posted an article on Me-Six - Jul 26, 2009, 9:42 am
PSEi (Chart: Daily Resistance: 2778 Support: 2626) The index made a big move last week, it was able to move past 2 important levels of resistance in just a week. The first is the resistance line f...
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Michael S. posted an article on Me-Six - Jul 19, 2009, 7:37 am
PSEi (Chart: Daily Resistance: 2560 – 2626 Support: 2500) Looks like this is it, the long awaited break of the resistance line formed from Oct 2007 is just one step away and based on the large ...
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Michael S. posted an article on Me-Six - Jul 12, 2009, 8:42 am
PSEi (Chart: Daily Resistance: 2508/2570-2560 Support: 2410/2350) I wasn’t able to closely follow the local market for the past 2 weeks because my mother-in-law died and I had to set aside bloggi...
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