"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, August 25, 2010

Alcoa... Whoa!!

AA aborts any hoped-for relief to test the neck line.  AA instead breaks down toward our downside target.  MACD now triggered below zero and RSI boring its way down to RSI sub-30 ultimately. I got some derisive feedback on the 8 buck target from some well buttoned down, well researched conventional stock bulls at SeekingAlpha on this one.