tomj2417
Long

US Steel X - bullish

NYSE:X   UNITED STATES STEEL CORP
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2
114 5
Here's a bullish count for US steel. I often call my bottoms too early so there may well be another down leg but time will tell.
How can the b wave be above the previous v wave?
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@j412i, Expanded flat.
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j412i tomj2417
@tomj2417, I don't see it. I am still learning, so I was just curious about your call. I'm shorting this (small position) now from $16. looking for it to go below $14
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j412i j412i
@j412i, Sorry, shorting from $15. I *wish* I shorted from $16. I just see a long term down trend and I don't see a reversal yet. I honestly don't see a bottom for this right now. Maybe a double bottom at $12 will end the nightmare for X?
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@j412i, I have no idea. This is a just a count and it might be right or wrong. I would say though that US Steel is most definitely in a decent downtrend and trying to call turning points or bottoms , like I am here, usually ends in tears......in fact, I have an annoying habit of calling bottoms too early when there is one more leg down. As ever, time will tell with this one, but if I were you I would back yourself rather than some random 'analysis' like this.
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