bullish ako sa AC. pero as danny just said sa recent article nya, its forming new highs since its bounce last 8/17 but the volume is not expanding.

AC on its way to test the gap down?

(Fast line of MACD now 2 days above the zero line)

Good luck to all AC traders

now volume is expanding. we can truly be bullish sa AC

# Security Name : Ayala Corporation
# Date : 09/20/2007
# Headline : DCL #5885: Ayala Corporation cash dividends declaration
# Source :
# Content : Please be informed that the Board of Directors of Ayala Corporation, at its meeting held today, 20 September 2007, approved the following: 1. Special cash dividends The declaration of a special cash dividend of P2.00 per share to all outstanding shares of the Company's common capital stock as of record date 09 October 2007, payable on 05 November 2007. The dividends will be covered by the unappropriated retained earnings of the Corporation as of 31 December 2006. The Stock and Transfer Books of the Corporation will be closed for the transfer of shares from 04 October 2007 to 09 October 2007. 2. Dividends on Preferred "B" Shares The declaration and payment from the unappropriated retained earnings of the Corporation as of 31 December 2006, of the quarterly cash dividends of 9.4578% per annum, to all shareholders of the Corporation's outstanding Preferred Class "B" Shares with record date of 09 October 2007 and payable on 22 October 2007. The declaration covers the dividend period 21 July 2007 to 21 October 2007. CASH DIVIDEND CASH - P2.00 per share EX-DATE - October 4, 2007 RECORD DATE - October 9, 2007 PAYMENT DATE - November 5, 2007 CASH DIVIDEND CASH - 9.4578% dividend rate per annum EX-DATE - October 4, 2007 RECORD DATE - October 9, 2007 PAYMENT DATE - October 22, 2007

Sa mga may AC, magingat na. Bearish divergence during October. Area pattern is not yet clear but we may want to lighten up first.

unconfirmed descending triangle breakdown.