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Message: Thursday Market, Oct 8

Thursday Market, Oct 8

posted on Oct 08, 2009 10:59AM

On Pink Sheets (still awaiting the announcement to OTCBB) - BEHL sp still seeing the painful sde of the cycle. Daily Technicals show Stoch crossed to Bullishness but has since flattened with Mac Bearish and OBV still non-supportive. The 60min techs turned yesterday for some late day Bullishness, but are now peaked and converging. Technically, sp is in for some more pain until Daily Techs turn for the better or some news comes out.

Dow came off a good Mutual Fund Monday, and has not looked back. Daily Technicals have turned to bullishness and the upcycle is all systems go. The self-feeding Market by the Hedgies and Mutuals will likley keep running this up. For how long is anyone's guess. Will just need to see if a new higher-high (need to beat 9835) can be made over the next few days of this up part of the cycle. This after recent lower-high and more recent lower-low indicated a possible trend change to Bearish.

Energy stocks all up across the board.
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