MTstiles
Long

Wyckoff Analysis of Cliffs Natural Resources $CLF

NYSE:CLF   CLEVELAND-CLIFFS INC
109 0 1
Barron's published a list of value stocks in this week's edition. There are some nice charts and some ugly ones (see Transocean             $RIG). One of the best setups, I'm my opinion, belongs to Cliffs Natural Resources $CLF. I have attached the weekly chart and labeled the classic Wyckoff psychological events. This chart is a classic bottoming pattern with a well defined exit point if $CLF cannot hold price.
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