daytrading july 12 morning, page-55

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    NUE.....

    Let me tell you the story....

    Once upon a time....ooops,sorry,wrong story..let me start again:-

    On the daily chart I have it as an equilateral triangle looking for a break of .076/.077 to continue on upwards.Seeing as this short little downtrend has gone on an extra couple of days than the last couple that occured during the middle of June and at the end of June.............this,then could lead to a strong upward movement,generally described by traders as a LOADED SPRING waiting to launch.

    Stalemate at the moment.Needs to chew up .077

    Does that make sense.





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