PSE Index Chart Analysis for the Week(August 25 to 31, 2013)

Figure 1: PSE Index Chart

Last week the index strongly gap down and is now starting to fill up its previous gap (June 27,2013). That previous gap is now acting as new area of support. While the new gap is creating a new window of opportunity as this will soon be filled by the market. For now I need to see some slowdown of the strong downward momentum of our index.