Companhia Vale do Rio Doce

11:28 am PST.

Goodness VALE. I stopped out at around 7.60 and never decided to wade back in. Hmmm, now, was that the right thing to do? VALE is probably going to retrace a little and continue its march higher. I think this is what FCX and XME have in store, so I better keep alert.

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X doing a major leg up today. It needs to retrace with an a-b-c correction and then it is a buy again. X is going to look like VALE in a few weeks.

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