PSEi did not hold to its 'possible' uptrend support and broke down again.
Most of the stocks broke the formation of an uptrend channel. Will just accumulate and average down near the lows.
It's a WHIPSAW!!
Looking for PSEi to find supports on these levels:
1st support - 5850
2nd and important support - the 5700-57xx area where we held 3x and bounced
worst case - if we fall below 5700 area, 5420 is next
I guess will just wait for next week's US debt issue and US' possible double digit correction. Will save me some bullets :)
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