Some republicans will not vote in the november elections. I know one repub who said that he will never vote democratic but he will not vote for any republican in the upcoming november elections because of their mean-spirited blocking of the unemployment extension. Which is fine with me, that is at least one less republican voting in nov and I also know a repub who said he will never vote republican again after he lost his house because of the blocking of the unemployment extensions. The republcian party has a long history of snatching defeat from the jaws of victory and by November there will be 4.5 million unemployed people denied an extension of their unemployment benefits and that will do a lot to negate the dis-satisfied people with Obama Care.
November elections. Forget about disgruntled americans over Obama Care, by the Nov elecions there will be about 4.5 million americans denied their unemployment benefits, roughly half republican voters and a lot of these repubs will either vote democratic or not vote for the repubs-ie abstain from voting. Looks like "Dumb John Boehner did it again by alienating the unemployed he will negate the advantage of the alienated Obama Care voters. Good Luck Repubs and I hope you enjoy your continued Second Party Status in the November elections!!
Could also be a simple head and shoulders pattern on the 6 month chart. If you take a look at the money flow you can see an uncanny heightening of the cmf on both sides of the shoulders but again it could also be a cup with handle, a lot of c & h and h & s formations look a lot alike. For all that today was a good day for alu, to me looks like alu is now turning the corner it has put in strong support at the 4.20 level and went up today on higher volume than the last couple of days, forecasting that next week may be the beginning of a new bull move to 5.50-6.00 for ALU!!
That's why we are in the head and shoulders formation, looking to break out of it in around 2 weeks or so, perhaps even in one week. Once we clear 4.60 we should head up to around the 5.50 area!!
or a double bottom formation. Both are very bullish, the price should not do too much for the next 2 to 3 weeks but when the news breaks positively for Alu we will move up stsrongly. Imo, perhaps Qcom partnership or China unicom deal or some upgrades but when alu breaks 4.60 we will go to 5.40 wihin one to 2 weeks imo. The news is coming we just have to sit back and wait for it to break!!
forming today. Now all we need is to close above today's high to indicate that this mkt has turned around but imo ALU has turned around. Blow-out report Thu, imo.
I think that we might have discounted any type of bad news concerning the report already and of course with any type of good news we should skyrocket. Right now the chart looks very similar to Oct 14 to Nov 28 as we moved down to around 3 and then rallied to 4.68. Looks like we may put in a double bottom if we don't go below 3.75 in the next few days.
If we are still at 3.98 on 2/5 and the report comes out as good as I think it will be we should hit 5 on 2/6. ALU is Extremely Undervalued.
If the report is strong feb 6th and we are still at this ridculous price we will hit 5 on 2/6!!
probably monday in france.
Techs say as of today it is very over-sold and very shortly , perhaps monday we should see a rebound. This is nothing but mkt manipulation by Big Money to pick up shares cheap because they know that feb 6 ALU will report a Blow-out Report!!!
is forming today. If Alu goes up tomorrow with heavy volume we may have put a bottom in. To me the last week looks like options manipulation to keep it below 4.33. For all that, alu is now oversold according to many tech indicators.