PSEi - continues rally or bounce- March 24, 2008 PSEi = 2867.5 (+1.8%)PSEi formed a white candle with higher low and higher high. Volume only half of previous trading day.PSEi seems to be bouncingrallyingtrending up.Good luck to all traders!http://technicalinsider.blogspot.com/2008/03/psei-continues-rally-or-bounce.html DJIA - white candle amidst collapse of Bear Stearns- March 18, 2008 DJIA = 11,972.25 (+0.18%)DJIA forming a white candle with lower low and lower high. Volume increasing slightly.DJIA seems to still be trading within the trading range it has set since the middle of January this year.Though the Bear Stearns collapse seems catastrophic, the DJIA did not seems to buckle under this bearish pressure. Maybe due to the recent cut made by the FedI hope the local stock market rallies with the strength that DJIA is showing :)Good luck to all traders!http://technicalinsider.blogspot.com/2008/03/djia-white-candle-amidst-collapse-of.html PSEi - big black candle; aftermath of Bear Stearns- March 18, 2008 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!http://technicalinsider.blogspot.com/2008/03/psei-big-black-candle-aftermath-of-bear.html PCOR - break of resistance- March 2, 2008 PCOR weekly formed another white candle with higher low and higher high.PCOR weekly moved above possible resistance of 6.0, now hopefully serving as level of support.PCOR = 6.2 (+5.1%)PCOR formed another white candle with higher low. Volume decreased slightly.PCOR moved above possible resistance of 6.0 and tested it as a support level last trading day. Bullish. But I doubt that it will hold this coming bloody Monday. I hope it does hold...Good luck to all PCOR traders!http://technicalinsider.blogspot.com/2008/03/pcor-break-of-resistance.html GMAP - rally- March 2, 2008 GMAP weekly formed another white candle with higher high and higher low. GMAP weekly parabolic SAR was also hit and is now hinting that GMAP might be trending upwards...GMAP = 7.4 (+2.8%)GMAP formed another white candle with higher low and higher high. Volume decreased.GMAP seems to have moved above a possible aggressive resistance or supply line. Bullish.GMAP seems to be rallying or trending up. Bullish.GMAP moved above the 65MA. Bullish.GMAP MACD now moving above the zero line, to signal.http://technicalinsider.blogspot.com/2008/03/gmap-rally.html AT - on its way to test resistance- March 2, 2008 AT = 11.25 (+4.70%)AT weekly formed a 3rd straight white candle with higher low and lower high. Might be on its way to test supply or resistance line.AT formed a big white candle with higher high. Volume decreased.AT seems to be on its way to test the resistance or supply line.AT was also able to move above the 32MA. Bullish.I can only hope that AT will be able to continue to form higher lows and higher highs, especially on the coming bloody Monday...Good luck to all AT traders!http://technicalinsider.blogspot.com/2008/03/at.html DJIA weekly - deceiving- March 2, 2008 DJIA weekly formed a black candle with higher high and higher low. Volume increased.DJIA seems to be rallying or trending up... and this was confirmed by the formation of higher highs and higher lows... but the drastic downward movement of the DJIA last Friday leaves little room for an optimistic Monday...Careful traders...http://technicalinsider.blogspot.com/2008/03/djia-weekly-deceiving.html |