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Wednesday, January 9, 2008

^PSEi: Falling Wedge (part 2)

Previous Post: ^PSEi: Falling Wedge (Jan 8, 2008)

Yesterday, I am predicting that the ^PSEi index will bounced back and go up again. Despite the negative market sentiment bought about by the US Stock Market, the pattern is clearly showing a falling wedge.

I hope the ^PSEi index will continue to move up or hold up within the support line. If this does, then I'm still bullish with Philippine Stock Market.