Steel Industry Analysis for 09.30.2007

$DJUSST

Monthly chart shows strength during the month of September, with a test of the current high at 436.31. The move up to the current high was made with divergence in the CCI Momentum indicator.

Weekly chart shows index above all key moving averages. Uptrend remains intact. The retracement down from the current high was made in a 3 wave pattern.

Daily chart shows index to be above all key moving averages. Profit-taking in the index components on Friday .... the last day of the month and last day of the quarter.

The Steel Stock List:

1. AKS (AK Steel Holding Corp.)


2. ATI (Allegheny Technologies Inc.)


3. BHP (BHP Billition Ltd)


4. CMC (Commercial Metals Co.)


5. CRS (Carpenter Technology Corp.)


6. FRD (Friedman Industries Inc.)


7. GGB (Gerdau S.A.)


8. HSVLY (Highveld Steel ADR)


9. NUE (Nucor Corp.)


10. NWPX (Northwest Pipe Co.)


11. NX (Quanex Corp.)


12. ROCK (Gibralter Industries Inc.)


13. PKX (POSCO)


14. RS (Reliance Steel & Aluminum Co.)


15. SCHN (Schnitzer Steel Industries Inc.)


16. SHLO (Shiloh Industries Inc.)


17. SID (Companhia Siderurgica Nacional)


18. SIM (Grupo Simec S.A.B. de C.V.)


19. TONS (Novamerican Steel Inc.)


20. USAP (Universal Stainless & Alloy Products Inc.)


21. X (United States Steel Corp.)


22. WOR (Worthington Industries, Inc.)


23. ZEUS (Olympic Steel Inc.)