PSE Index Update (Sept. 20, 2011)

Figure 1: PSE Index Chart

Here is an update of my index analysis. It seems the correction is almost over and a market rally is about to happen. Take note, this is just an estimate base on my analysis and I may be wrong. If only DOW can finally break its resistance lines then it will help propel our index higher. That's market psychology. A lot of people are using the DOW as a sentiment indicator.