RE: Watchlist - Investor method
The Dow Jones US Aluminum Index ($DJUSAL) is close to it's first potential Stage 2 continuation move after numerous years of declining and basing, and would complete a longer term Stage 1 base. The Alcoa chart (AA) looks to be the main cause of the move in the sector and has an extremely correlated chart. Volume roughly doubled on the initial Stage 2A breakout, but has calmed down since to around average, and relative performance is attempting to get clear of the zero line.
Attached are the weekly and monthly charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.