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timwest
Sep 5, 2012 6:28 PM

US Steel - Looking for a rally from support Long

United States Steel CorporationNYSE

Description

See notations on the chart.
Comments
timwest
I'm going to revisit this trade for next week - consider shorting GM against a long position in X. I bet there is a decent overlay between X and GM and lately GM has been trending up.
timwest
It is close enough to the target to walk away (sell, exit, close positions, take profits). It made it in a fraction of the time. I suppose the news out of China to spur on their economy with massive infrastructure spending really super-charged this rally. Cheers.
admin
Great trade Tim.
timwest
Thanks admin.
alexledger334
Agreed.
y4F3ff6Z
Followed.
StopPrintinMoney
Followed.
timwest
Followed.
vjland
Agreed.
rulhdiaz
Agreed.
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