BAL - Chart, page-800

All stocks don't go up or down at the same time, they are all in different cycles, some are in accumulation, some are being distributed, some are marking up and some are marking down. Yes I would have liked to have seen an up day in US on Friday, but because we didn't doesn't mean it won't go up. The strong stocks won't be as effected as the weak stocks. That is why it will probably be pushed down and weak holders will panic knowing Friday in the US was weak. Strong hands will accumulate more.

My sentiment is to hold at the moment, because the background is strong, we have consolidated after the move higher and the point and figure suggests it still has enough cause to go higher.

I read someone on here say that BAL has no chance to go higher because there is no news coming etc. If a stock is undergoing accumulation, when its time, it will mark up. Will have nothing to do with news. The news is a manipulation tool.

If you want to see another healthy chart that is in similar mark-up stage, check out the CLV chart thread, I have put an analysis in there.