Monday, February 29, 2016

Keep an eye on [CLF]

At the backlink I posted the model below.

Current snapshot is below.  I think people are figuring out that CLF is not about to BK and so short covering should be expected.  Today it was up 18%...  Not all commodity plays will bottom at the same time but if we begin seeing multiple cases of this kind of thing we should not ignore it.

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