No Carnivale in RIO (by BKudla)

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The steel stocks look weak, and this miner is a big supplier to this industry.  It broke the 50 EMA today, and if it closes below that level, I am placing a short on it.  47.50 is my target, although the 200 MA will be an intermediate stop IMO

 2010-11-29_1100_RIO 

 www.arum-geld-gold.blogspot.com