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SPDR S&P 500 ETF Message Board

  • stephenemerson2002 stephenemerson2002 Jun 24, 2013 10:24 PM Flag

    OT: CLF & NOAH -- Kibblesmamma

    Wanted to pick your brain a bit on CLF. I read where you mentioned an entry point during this correction. Any thoughts on a number?

    Also, am I the only one who thinks NOAH could be the BAC meltdown of 2008?

    No positions in either, don't know enough about NOAH and curious about your thoughts regarding CLF kibblesmamma.

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    • CLF is in a long channel and hit the support OCt 2011 Apr 2013 and is nearing it again, there is a parallel resistance line above it which lends more credence that the support line is legit

      July 2011 it was 95 buck and now it's near 15.5
      the company has value and if it hits that support line again I wont be the only one to notice it and think about jumping on

      The major risk is China falling apart, but if that happens, no long trade will be safe so why let that stop you.

      So where is that line landing? looks like 14.50ish.

      so one more bad day could hit that level and create some support.

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