So tell me, do you think AA has much more upside left after helping pump the markets today? I suppose a return to test the neck line breakdown would attend a return to the highs for broad markets, but Alcoa is bearish and probably going to the H&S target of 8 bucks sooner or later. Where does that put the market?RSI is at a resistance level and this will be instructive as the price deals with the SMA 50.
As stated, I will not marry the bear positions and am very net long (mostly gold, with some silver, uranium and emerging market) but I am not thinking of dropping these positions yet. In fact, it may be time to see what else is bloating up for possible short sale. Any suggestions?
