Reference Chart – PSEi Monthly

Earlier we tweet this psei monthly chart

pseimonthly01082016

After the bell, we follow up with this..
@SpyfratsCall psei closed at 6288.26, 20 pts shy from its low band.scanning tru old psei monthly chart,its trendlines were awesome.

Scanning tru my files, the trendlines of yesteryears were still so much in play and dominant.

Here’s an psei monthly analysis showing the trendlines of 1991 and 2003
http://www.spyfrat.org/psei-3/
chart magnified here
https://spyfrat.files.wordpress.com/2011/09/pseimonthly09272011.jpg

The trendlines of 1991 and 2003 above, paved the way for the trendline of 1998. Of which,such trendline (1998) have been both the market’s monthly resistances and supports for 17 years now.

pseimonthly01112016

The PSEi is now sitting at the trendline of 1998. Monthly RSI at 51+ level.

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