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Thursday, August 21, 2008

StockWatch: PSEi, I, ISM

PSEi - Yikes! Everytime I saw something like this, it means avoid!

I - Right on target, sold my I @ 4.20. Wonder how this issue will perform tom and onwards? will this form a flag? range trade (4-4.30)? or spike? It will be nice if this form a flag, at least there is something to look forward to in this market mood.

ISM - The bull kept on fighting! Look at all the T-candles for the past six trading days! Will this form a falling wedge or a flag? That's a big flag pole! Imagine if this indeed is a flag shoot up that's double your money!