Wednesday, September 14, 2011

CENX: Declaration of Independence


OK, I was looking at the 5-day chart on CENX. If it closes above the 5-day 50% Fib level of $11.14 today, I'm going to keep my position. But if it fails, I'm going to have to call it a play - perhaps after Philly Fed. I've got my doubts, HSFTs - especially since Philly Fed gave my cent a dent last month.

There's literally a mob of selling before me on CENX and with weaker than expected retail sales, I'm left wondering whether tomorrow's US CPI and Philly Fed will do anything to resuscitate my soggy froggy of a portfolio.

Help... Coral's stuck in kelp...

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