claydoctor
Short

DAL - air getting thin up here

NYSE:DAL   DELTA AIR LINES INC
10 0 0
Can someone please explain to me why the money flow is so low, but stock price close to upper trend of channel and RSI and MACD also very high? I think DAL and IYT             (transports etf ) overdue for correction, and since this sector has been best of bread in an otherwise stalled market, I think the smart money has already flowed out and sitting pretty, while those not watching closely will get a not so pleasant surprise during a sharp sell off soon. Have PUTS laid in. Also, check out last trip to the bottom channel trend line , overshot big time... this time? Well, what do you think? Yes I said "correction", and this could very well rattle the markets. When DAL starts its decline, I will be watching very closely where it winds up.
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