phisix chart as of 02 aug 2013
(click on the chart to enlarge)
remarks:
1. the phisix was down to 6533.95 last friday, with the macd giving a sell signal courtesy of the adverse market sell down of sm ...
2. the sts also fell .. having given a sell signal ahead of the macd last wednesday ...
3. it would seem that sellers last week were willing to settle for lower prices just to quickly exit the market ... well .. i think ill just be mostly monitoring this coming week ... any purchase will be limited to opportunistic buying of my "long term accumulate stoks" ...
4. the next supports are: 6514, 6500 (psych support) and 6244 ...
for an explanation of the indicators ... click: here
for reference .. you may also want to read: my trading rules