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Monday, December 03, 2012

StockWatch (Dec 3-7, 2012): PSEi

PSEi (Chart: Daily     Resistance: 5650/5700     Support: 5540)

The index made a new all time high last week, however, it has now reached RSI of 75 and may start pulling down by this week.

I would suggest put a hold on the buying activity.  If index pulls down and the support provided by the 10 day MA near 5540 is breached, you need to start considering selling portions of your portfolio.

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