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FinancialAdvisor

01/21/05 11:22 AM

#2442 RE: Blackbelt1 #2440

Steel sector going to continue to be strong as long as China continues to buy up commodities. I had two favorite steel stocks, one was IST, which amazingly got stolen away, and merged/bought out by another company. The other is IIIN, this is probably the most bang for the buck in steel, looks like it might be setting up for a climax wave soon, I like the declining volume, and I'm expecting the volume to break to the upside, it's worth watching over the next few weeks:

For bulls, volume break is numero uno, then RSI 50+ and MACD+