Steel has moved through the 50 day on light volume. I think next week is the test for many sectors and the market in general. Will the bulls feel emboldened and bring the volume back? If so, this should proceed higher, if not, they could end up being nice quicky shorts . We'll see. Should be a fun week.
Sunday, January 4, 2009
Steel
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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