RUS, Russel Metals

rus feb 2012RUS s feb 2012

Russell Metals is another one of those stocks that has followed a very bearish pattern. However each time it retraces so much of the preceding drop that it is hard not to wonder if this is the correct interpretation. A few more dollars and this stock will make a new high! Un till it does remain bearish. This stock trades at a p/e of 15+. One alternative scenario would be a much larger B-wave making new highs. This is so contrary to all the evidence that it realy cannot be taken seriously at this time. After QE5 and another 10 trillion who knows.