I look at it this way. There is no technical reason for it to be down today. Also, we just gave back our tuesday and wednesday profits. Coil that spring back up baby and watch her pop. Weed out all the people that think they made some money or got scared. Bring in the big machines to load the truck up. We'll be back at $60 by wednesday (ATI earnings day) Let ATI take us along like we've been dragging it along this last 2 weeks. Anything under $57 is a steal.
Wishfull thinking.....I got out on the open but there's more decline coming over the next several days. Good luck to ya. Oil may snap back by late friday or monday but the metals will experience continued weakness. I have been playing this game a long time. You may want to consider SBUX for the next ten days until their CC may 3rd., they appear to be a teflon stock. Hope I can help somebody.