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Message: Wednesday Trading

Wednesday Trading

posted on Mar 11, 2009 05:51AM


On NYSE: KRY sp down a penny. Still working on the bottoming of the Daily techs. 60min are in Bear mode. Daily Stoch was bullish - but is now converging back to Bearishness. Daily MACD now diverging. Looks like it was a head fake, so the Bear is still in the room for a bit. Again, OBV is up, so sp deterioration may not be so rough today.

Dow is undecided at open, currently up 40'ish. All techs turned yesterday to Bullishness, so the Dow could have a bit of a Bull run starting. Banks are all way up again at open, so confidence, at least temporarily, is back. Energy stocks also up.

Gold managed to get above $900 towards end of HK trading. Hit close to $890 yesterday, so no double bottom, but a downtrend. Likely several more days to find the low, especially with Market having new-found confidence. Currently riding around $900, but last two days saw significant dumps at about this time, so beware.

Still a rough Market. Take profit when you can and choose wisely. Hope everyone's day, and week, is going well.





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Mar 11, 2009 05:55AM
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Mar 11, 2009 06:11AM

Mar 11, 2009 06:14AM
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