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To: The Ox who wrote (4393)7/28/2017 10:56:53 AM
From: The Ox  Respond to of 8250
 
From: The Ox9/14/2015 10:26:15 AM
To: The Ox who wrote (3553) Respond to of 5250

When this country starts to rebuild infrastructure, which it will need to do very soon (and long overdue), the steel and aluminum companies are going to benefit greatly. Hard to believe how washed out they look, especially the 5 year charts...... (shorter term charts in the linked post).

MT selling at 1/3 book, is on the reversal watch list. I know that everyone thinks demand is going to tank but I can't help but think these companies are reaching a stage where the past is not indicative of the future....then again, maybe it's just me who can't see the lack of interest in rebuilding infrastructure in this country....
Looks like I was just a little early, especially heading into the Jan/Feb '16 washout phase: