Wednesday, December 10, 2008

Bubble again? Case in point Steel

IT students (clients) have access to an Industry Ranking, while there was a drop off the cliff for many commodities related companies, Steel as a group climbed back on.

Check out GNA:

Just keep watching for the pull back on W-4 and a legit entry on for Elliot Wave 5, now it is still on W-3. Today it hits 161% extension, so it is probable that a pull back is coming.

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Stock so cheap, it is better than option.

shorts:
longs: Steel, GNA

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