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Alcoa To Fall To At Least $7.52

Jul. 23, 2013 8:50 AM ETAA
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Based on the Accelerator™ indicators I expect Alcoa (AA) to move up a little and reach at least $8.20 (it reached $8.23 two weeks ago) after which, by the end of August to fall to at least the current low for this month ($7.52). Alcoa is now, in the pre-market session, $8.15.

The move up is supported by the indicators on weekly and daily charts while the move down on the monthly charts.

The weekly and monthly charts with the indicators and their corresponding channels are below. Again, the green line is the price and the rest are the Accelerator™ indicator lines and their channels and support/resistance lines. The vertical orange line is the present and to the left of it is an "expected possible future."

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