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Message: Wednesday Market, Nov 11

Wednesday Market, Nov 11

posted on Nov 11, 2009 11:21AM

On Pinks - BEHL sp saw a bit of a pop yesterday, apparently from the PR's that included a "clarification." Gapped up at open, then seeing profit taking and those who want out getting out. Daily Technicals are ugly and did not get enough of a bump yesterday to be considered as turning, but it was a bump that has made the last low-low as 0.0120. Because there is a lot of interest with plenty of volume, these cycles are indicative of the emotional buying/selling. If this little bump cycles back down and does not make a lower-low, it could indicate enough speculative interest and a turnaround. It does not help that we are not hearing about "Green" in the news so much anymore - seems to be more about Health Care for All, and the Bad Economy.

Dow is having a good week, but buyers have slowed down since Mutual Fund Monday. Daily technicals are bumping off of the upper BB, so there may be profit taking in the near future. However, this bunny has legs and just keeps on going... and going... About half-way through the trading day and volume is on the lower side, but today is Vets day. Be aware that your trades since last Fri, because of the Holiday, will finalize a day later than the normal three.

Energy mixed. Oil stocks mixed, NatGas stocks down and Solar slammed.

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