Sunday, April 24, 2011

PSE Index Chart Analysis for the Week (April 24 to 30, 2011)

Figure 1: PSE Index Chart

This week I am expecting the market to continue moving sideways to up while trying to normalize its current trend from being overextended. Overall trend of the market is still strongly headed upward, while its overall upward momentum is slowing down. This is an indication that our market is presently consolidating.

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