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Message: Wednesday Market, Oct 28

Wednesday Market, Oct 28

posted on Oct 28, 2009 12:49PM

On Pinks - BEHL sp broke below 0.0250, so the Bearishness continues, according to the Daily techs. 15min is showing promise as cost averagers may be taking an additonal plunge, and 60min is starting to turn for the better. Maybe a bit of the ol' DCB happening today and tomorrow because of bargain hunters. Might be a bit soon.

Dow is down. Daily techs are hard to turn once it starts moving in its emotional direction, currently downward. Looking to stay above 9430 in this cycle to remain overall Bullish. Techs down, Banks down, RecessProofers mostly up, Restaurants down, and Miners down. Pick and choose wisely, and stay diversified in your choices.

Energy is down, down, down, with solar showing a bright ray.

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