PSEi, close to losing almost all it's gain from Aug2013 low 12-10-2013

PSEi lost 105pts as of 2:34pm SGT. PSEi index at 5903.

Just last week, we concluded that there could be a possible alternate downtrend resistance near 6260 and could knock our index again to a down trend. I did not expect that in a matter of a week, we could lose all the gains from Aug2013 low.

Our initial support is 5950, and at the most 5930. But seems market is too weak even though many buyers are already supporting BDO and MBT at their critical supports.

If the selling persists, we may see a triple bottom at 5700-5800.

Worst is to worst if the triple bottom do not hold. 5400-5500 is the LAST 4.5yr uptrend support to still classify PSEi as a Bullish Market.

If we fall below 5400. Need to bring out my WHITE FLAG..