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boca_bobby

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boca_bobby

Re: Mitzel123 post# 27358

Tuesday, 09/16/2008 4:44:20 PM

Tuesday, September 16, 2008 4:44:20 PM

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The Bulk Dry Index (BDI) has finally started to curl back up. It seems to have found support and this bodes well for all the shippers. Unfortunately I'm not seeing strength yet in DRYS. Today's doji still shows indecision between the bulls and bears.

Personally, I want to see the RSI get out of the oversold area and start to trend up. We have seen DRYS make huge moves over a few months time when the time is right. I think we will see it trend upwards as it did in the past but I would wait for others to make the committment for us.

No need to be a hero. Keep an eye on it and I bet within a week we may have a better answer than we do as of today.

IMO,

Boca_Bobby

Boca_Bobby

Mom said there would be days like this!

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