American Airlines AAL - Distribution - Sell Rallies $37 target

469 13 4
Internal divergences at the recent highs are suggestive of a weakening trend and with high volume down days happening, there is distribution evident on the chart for AAL.

Note that the "range movement" has broken its trendline and is close to a 2-month low, which is a solid definition of a downtrend.

43 is ideal resistance from 12-days of time there.

Target 38-37 over the next month.

Tim 1:12PM EST 7/3/2014

Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Would you please educate on why do you check for 43-45 bars in the range movement?
PS - Happy july 4th to you too!
+1 Reply
Good question, Lso wondering. Nice chart Tim. I also got short signals on my systems
+1 Reply
The Range Movement indicator is two months because that provides me with the time frame that I am most interested in trading in and it works well enough for me. The 21-day CCI is good at capturing signals since it is half the length of the Range Movement indicator. Typically you want your short term oscillator to be 1/3-1/2 the length of time of your longer term oscillator.
Any comments on my comments 2use?
2use timwest
How can i have anything apart from a thank you for the care! Its a full answer to the question i have. But i am so waiting to see the MU chart and maybe some thoughts on GTAT? Did not expect such an awful day for it as it got a 3xcombo hit with 2 downgrades and a 25% asset sell from the CEO.
Thanks Tim,

It seems to be pulling off, it is certainly going in the right direction. I was wondering, is there any other way to find a list of possible trades to short? I am having a hard time finding possible tickers for this and my overall portfolio is all long, which concerns me greatly.

Thanks in advance,

timwest PRO HermanBrummer
I like to find an idea or two a day. I just keep looking all day until I find my best idea or two and then post one or both charts here at TradingView. That way ideas build up over time and I don't have a million ideas to "stay on top of". As a market begins to roll over, then more and more charts will look like shorts and you will get your portfolio in synch with the market. Moving 1%-3% of your portfolio a day is a lot easier than moving big chunks in one day.
Hit the top end of the range 38-37 today = fast trade. Stocks do go down faster than they go up. Cover 1/3 and 37.5 cover 1/3 also - save the last 1/3 for 37.
Excellent chance to RE-short AAL here - 1:58PM Monday, July 14, 2014 43.22 last. Range movement hit a confirmed 2-month low and this bounce from oversold is slowing as the range of each day is less and less, signifying a loss of upside momentum. Sell short here, stop loss 44.25 still. Tim
+1 Reply
2use timwest
Thanx for the updates on the ideas!
hallo I want to work with you but I have no money for subscribing members please help me
-1 Reply
This idea panned out very well for the month of July. Book it.
+1 Reply
2use timwest
+2 points goes to you
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