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Message: Friday Market, Aug 28

Friday Market, Aug 28

posted on Aug 28, 2009 12:09PM

On PINKS - BEHL sp taking a bit of a rest. PR's are not helping as before. 15min Bearish but bottoming and OBV showing some support, 60min undecided with Stoch apparently topping short and Mac bottoming trying to turn and OBV flat, and Daily similar to 60min. Hard to see if now is a good time to add in. But, Daily techs showing OBV ever so slightly on the rise (accumulation) while sp has gone down over the last two days. Hmmmm......

Dow down a bit at this time as yesterday's major comeback has the Bulls a bit tired. Energy down, Banks down (except specs BAC and C), Copper and Gold miners up, Restaurants up, recessProofers down, and rest of Market mixed.

Gold touched $960 at open of NYMEX, and did not get hammered at open of the Market like the previous couple of days. Hmmmm...

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