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Aluminum Corporation Of China Limited Message Board

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  • islandminister islandminister Oct 14, 2008 6:52 PM Flag

    Chalco and Alcoa increased stake in RIO

    Don't think we'll see $2, but here's my take on ACH (and market as a whole).

    This is classic history repeating itself- market will slowly gain over the next two months (taking ACH to around $18), it will give into panic as we retest the lows of last week (ACH will act accordingly), then we bounce and turtle-speed upwards for the next 6-18 months (Dow will top 10k again and ACH will settle in a range between 20 and 30).

    Happy trading the near term 'W' pattern

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