Note how the last "key level" keeps getting tested - maybe it will trigger some stops and lead to a more cascading-type of decline.
I hope my artwork wasn't too inappropriate!
Tim
Friday, September 19, 2014 4:21PM EST - Quad-Witching Expiration Today!
Comments
timwest
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Delta (DAL) made it a bit beyond the target. Don't get greedy if you are still short.
chartmojo
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Nice chart...and drawing! Most of the airlines will continue to feel the Ebola pain until it's contained. DAL is considered one of the best operating currently so probablilities are that it should not suffer as much as the others. UAL is a different story, it's going to feel the pain. There is a fundamental fear to fly now world wide. I'de watch PCLN...EXPE for direction
joe_vijay
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I bet you spent more time drawing the plane than anything else on the chart. lol. :)
timwest
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lol... Pretty bad drawing, right! I was getting pretty punch drunk after a long week. It didn't take me long at all to draw the plane, but I see what you mean.
elcololp
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timwest, whats your average annual yield ?
play4trade
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I am a buyer at 37... Very creative chart... we should blow through 38.43 and 1st bounce at 37.66, and last stop around 37 even.... puu.sh/bGdW6/f5910e3f06.png
play4trade
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41.28ish or higher should be tested if they decide to take lower... Long term momentum is still up
elcololp
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my friend, whats your average annual yield ?
timwest
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That is a very good question elcololp. I'm very conservative in my position sizing and hedging strategies, so it isn't as good as you might think. What would you guess it is based on my charts that I publish??