"I'll be damned if the market heads back down below its short-term support at 3175 this coming week. If it does, I would suggest to immediately sell your long positions as the market will be vulnerable to lower low."
quoted from Miko Sayo's weekly analysis of the Philippine Stock Exchange Index (PSEi a.k.a. Phisix) @ tsupitero.com
In addition to pointing out that important number, tsupitero also said that:
-the short term trend is now up
-whether the medium term trend has turned up is uncertain
-market is approaching resistances at 3400-3500
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