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Tuesday, January 8, 2008

^PSEi: Falling Wedge

I'm looking at short-term chart of ^PSEi and it seems to form a falling wedge. I'm not sure but for what I know since it cames from downtrend and wedge is pointing down, then this will continue to go down.

I still need to find out if this is indeed a case for a wedge or it's just plain bullish for falling wedge regardless of what's the prior trend.