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Re: dotnet post# 2530

Wednesday, 08/08/2012 6:40:45 PM

Wednesday, August 08, 2012 6:40:45 PM

Post# of 53424
dotnet. You make quite the abstute observations I see.

http://stockcharts.com/h-sc/ui?s=tbt

As you can see by this chart, I think the Fed chair is about as useless as the hair on my elbow. ...In case there are ladies on board.

Wheat, Beans, and most importantly Corn are at all time highs. Twice margin reqs, were increased, and futures traders laughed it off.

The Olympics are almost over.

None of those things by themselves could call a complete Market/Interest rate cyclical turnaround.

However, I recently took a rather substantial position in AA.

http://stockcharts.com/h-sc/ui?s=aa

A long term chart of Alcoa. Makes this a no-Brainer. Quantitative easing broke this company. Its balance sheet and cash flow, makes it a lagger/leader unless they start chasing rates, then it becomes a leader/lagger. If I am correct, it will slingshot higher, in violent fashion for a Dow stock. Which should make the World very, very nervous.

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