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Cufbl Form

Cufbl Form

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also if you were to look at other markets aside from the Philippines it is showing you that people are trying to position the default recovery standpoint but in the short term again I'm going to have to caution you one more time because normally after a rally uh you're in that stage of a market that we're still in a attempted recovery phase and given that any sharp movement in an up Advance will probably get hit by profit taking first [Music] hello everyone I'm Charles aung from col financial and we are here today to talk about the technical Outlook of the Philippine Market of course we're with none other than our chief technical analyst Juan is hello Charles all right so last January you were describing a potential bottoming process for the Philippine market and of course I do remember you cautioning a potential corrective action first in light of the overbought condition at that time and indeed the correction did come with the psei dropping by nine percent since the end of January so

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