PSM Update 06.05.13

June 5, 2013

Trend: consolidation
Phase: downtrend

Good morning

Psei is now back to 6500 lvl from 7500 a just a few weeks ago due to being
Dragged down by US economy which is as of writing is still down

At any rate the market is in a postion of recovery or further correction
Avoid selling at this point as it may result to being whipsawed

Staggared buying is recomended as a down trend may or may not continue

Either way a lot are selling at discount

Erwin San Luis