BOEING CO . NYSE . ($BA) It must be so tiring, frustrating and demoralizing for they Boeing Bulls to wake up to continual negative newsflow, they have fought for four months to keep the stock from capitulating, but there has to come a time when the through in the towel. That time may be getting closer, volume has been declining which signifies buyers have no confidence to be stepping in to buy at these levels, when the believe there is much more downside to come. Below the $300 level, buyers will be like a swarm of locusts trying to get at the stock, but in our opinion not until then.
Alerts are set for a break of $344 for possible short.
Alerts are set for a break of $344 for possible short.