Monday, December 27, 2010

12-27 cycle updates CF, NUE

CF looks close to topping, but may be 2-3 days from giving signals.  Hold with tightened stops and see if signals happen...

Here is a chart:

NUE looks like it set a top on a longer cycle, but 2 shorter cycles are up.  So any pullback at this time will probably be moderate (2-3 points).  Wait for buy signals?

Here is a chart:

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