@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?
@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.