Wow, that was just about as bad a call as one could make. One day later, stopped out on CLF. Oh well back to the drawing board after a painful drawdown.
Tuesday, November 20, 2012
Monday, November 19, 2012
DD took awhile, Next CLF for 40% gain
For the Dupont prediction I was right and I was wrong. It recently hit 42 but instead of taking 1-2 months, it took 4 1/2 months and we got stopped out at 50.70. If you are joining in on a trade, please send me an email and I will update the page or communicate directly with you as things develop.
Next we are looking to CLF which has 1. Multiyear trendline support, 2. recent hammer candlestick,
3. long term RSI and MACD divergence and 4. probable Elliott wave flat correction since September. Target 50, Stop at 32.20 for potential gain of 40% with risk of about 10 % loss. This should take about 2-3 months.
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