All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm




Support Technical Watch!
Buy from our Book Store!
Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #1 
5/18 intraday

http://stockcharts.com/gallery/?clf

will it test 70.59 again?

is this week's move below the 2006 lows of 80.49 and 80.73 significant?  $ 80 is a price of importance going back to early 2005.

rising weekly volume trend on this selloff...tho' may be tapering off on the daily volume trend today.

note current price action relative to one of the daily declining channel lines drawn off the $110 high.

PnF signaled a long tail down pattern yesterday

the 8 vs. 34 week ema's have been in a bullish configuration since summer 2003..and this is the third narrowing of that config during the period. The 8 week ema has crossed below the 21 week ema.

this is the second move below the 50-week ema since summer 2003....50-week ema currently at $82.45


__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #2 
3/21/07 prior to the market open

sector news -

Shanghai Securities News:
- Sixteen steelmakers in China have agreed to suspend imports of iron ore from India after the South Asian nation’s government proposed a duty on shipments. The Indian ore, which is used to make steel and supplies medium- and small-sized steelmakers, accounted for 23% of China’s iron ore imports last year.


http://stockcharts.com/charts/gallery.html?clf

price has nearly doubled since the 2006 swing low, and is making historic highs on a regular basis...when looking at the lifetime chart, this may be the second of the major ascent cycles

profile -

Cleveland-Cliffs, Inc. produces iron ore pellets in North America. It provides iron ore pellets, including standard, fluxed, and high manganese, which is used in blast furnaces as part of the steel-making process. The company also engages in the management and operation of six North American iron ore mines located in Michigan, Minnesota, and Eastern Canada. It sells its pellets to integrated steel companies in the United States and Canada. Cleveland-Cliffs was founded in 1847 and is headquartered in Cleveland, Ohio.

http://www.cleveland-cliffs.com/

related -

http://stockcharts.com/charts/gallery.html?msb

__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:






Copyright 2000-2017 Technical Watch