[isatrader]

What do you think about GALE. You don't have to spend a lot of time charting it, just tell me what you see. I like the way it broke out. But today the pullback was on higher volume.

It looks promising on the weekly chart, as it's had over three times the average volume this week on the short term breakout, but it needs to close the week above $3 for some additional confirmation and to be a Stage 2 continuation imo.

   

Also, what do you think about the pullback in IDRA. It broke out and went up almost 50% and pulled back. First it bounced off of 10 week MA and now its down to 30 week MA.

It looks to be consolidating it's initial Stage 2A breakout and volume has contracted mostly on the pullback, but I'd personally wait for a weekly close above the 10 week MA again before considering an entry, as that second pullback was very sharp, so I'd want to see the short term momentum turn up again. But, that's just what I would do and not advice.

   

One last question, How do you find the charts for industries in the sector. For instance under the Basic Materials sector, how do I find out how Steel industry is doing. Case in point, I want to see if AKS would be a good buy

Here's the link to the US Sub Sectors charts: http://stockcharts.com/freecharts/indust...ECTOR_SPDR