Short term : downtrend
Medium term; Uptrend
While U.S. is breaking out of range and Short term, medium term = UPTREND, and China getting 2.8% boost yesterday, PSE looks very very weak and acting on its short term downtrend range.
Looks like we will not get any xmas rally after all if we continue to consolidate downwards (3900-4150), must breakout of 4200 level to get back to the old 4500 High next year (possible next yr pa).
Local Property Sector is also short term downtrend, which makes FLI, MEG, VLL, SMPH, RLC, ALI sleeping stocks this xmas. (must break out of its downtrend lines to trend higher).
USD getting weak again at 43.88, and may not be getting a 42.xx level this xmas holiday where USD remitance is the highest among the months. Might see 44.5 level this jan-feb when global correction comes.
Late upLOAD : Blog date: 12-13-2010
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