SAT, Oct 25, 2014 Going SHORT @ OPEN next week, hope to get entry between 48.89 & 50.47 but I'm going in regardless one-eighth of capital ONLY for the opening SHORT .... STOP = hair over 52.45 but is mental for now as the pattern is a crappy one so it might shoot and then reverse and knock me out. Adding an eighth more on < 46.5 Then pour on the coal on breakdown of October low then July low. But not to exceed 2% in total TP: close 30% position @ 33.78 close 30% position @ 28.19 close rest position @ 22.11 Out of there despite it going towards zero - reason? won't get paid. In fact might forego the 3rd TP and close all on 2nd TP
Everybody is exceedingly bullish the Airline stocks, better than expected earnings etc., Ebola scare gone etc., Watch Jim Kramer and co. pep talk the airlines. Most articles are close enough in title to, "airline stocks keep flying" AfterLOS thinks they are all flying in Wave 2 up with wave 3 down is next. http://finance.yahoo.com/q?s=UAL
UAL esta muy sensitive to diseases, remember H1N1? Because of that it bottomed 4 months after the Dow Jones during the 2008 CRASH after already dropping like a stone to near 6 bucks. Then it dropped another 50% due to H1N1 scares. Yeah, this baby is sensitive. So Ebola is over? Ebola = air traffic is the carrier - yeah baby that be the vehicle Banning flights from sick origins is not feasible Mutation is also a factor so spread thru' air is a possibility. With Wave 3 around the corner ......
Now dig this: NYSE ARCA Airlines Index, ^XAL did not even recover 10% of the drop from 1998 TOP into 2009 low = a very poor showing in terms of recovery wave potency. Its bumped its head right into the 200-month ema overhead resistance on monthly But DAILY suggests wave 3 down is next. So I have the Sector and the Stock examined thoroughly I'm taking the shot, SHORT
PRICE is the only thing I go by ..... but these experiences count on a parallel plane ..... United service stinks, its Airport lounges suck, the only use for my $400 annual fees Chase United Card is using partner lounges which are ten times better with decent food in many of them, including good booze, showers etc.,
AH NOW that's a thread of actuality : Trading + Ebola!!!! I was wondering if any trader made money out of this gigantic news ops:
EBOLA: In the previous 20 major outbreaks of the disease since its discovery in 1976, all of which took place in and around the Democratic Republic of the Congo, the initial rapid spread quickly subsided. In the current outbreak, though, the limits have been pushed much further back; it has already claimed more victims than all the previous outbreaks put together. The WHO fears it could see between 5,000 and 10,000 new cases reported a week by the beginning of December; that is, as many cases each week as have been seen in the entire outbreak up to this point.