timwest
Short

Delta Airlines - DAL - Daily - Top formation - Trend Down

NYSE:DAL   DELTA AIR LINES INC
238 4 6
Volatility the last 2 days in DAL makes it look risky to short DAL here, but the "range movement" made a two-month low. We can wait for an overbought reading to sell short OR sell short some here and some on a little rally.

Leave some to sell short on a decline under the current lows AFTER a bounce.

Looking for 10% to 15% down in DAL.

Tim 38.17 -2.14 last

FWIW - I haven't been all that accurate in DAL - but maybe I am due.
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good call :)
+1 Reply
timwest PRO anand1981
When you figure I put a sell on American Airlines too - it is an even more powerful sell signal.
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timwest PRO anand1981
Nice gap down and trade down this morning - $35.05 last. I'm covering here.
Reply
timwest PRO anand1981
Negative news out in a related company = and plenty of front page coverage of the weak action = a good time to cover shorts.
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