At approx. $50 the 60-min. trendline will break but the real confirmation that the rally is over will be once under 46.57
This thing is probably gonna fall hard when/if it does fall. The way that it rose out of it's channel and the fierceness of the move shows that a sharp drop may occur soon. It's up today but I wanna see what the volume looks like at today's close. I think that it goes down to the low $40 area.
Clear-cut weekly channel from 10-29-2010 thru' the highs on right, then lower channel line thru' 11-25-2011 ....... $24 is the bottom of the channel NOW Weekly ...... 8-30-2013 + 7-11-2014 + 10-17-2014 = Neckline of a pretty lopsided H&S with the right breast higher than the head - never dated anyone with such a setup but would love to try Magnet for Price is the previous 4th wave low smack on the 50% Fib at $28 Putting in a SHORT on 60-min. a few cm below the 60-min uptrendline and then if it fires one right below the wave 4 screw-up also on 60-min at around 46.44 I said I was expecting EBOLA to show her face again, didn't I? --------------------------------------------------------------------- This track also came from Ebola world and stormed Santa Monica College, CA world beat Saturday with thousands of requests for a REPEAT several years ago - I was transfixed. Swahili? Most beautiful language for music, one notch above Creole, French
You could have thought things through, and if you were surprised as to why UAL rose instead of going down as you thought it should, I can tell you why. Any of you want to know why?
But if you do not have money to pay, I will not be able to. If you had any money, UAL must have eaten a good chunk of it. You did not ask why your UAL trade was destined to be a loser, even if you thought it should have gone down?
Oh Magnificent ONE, thou speaketh in riddles, come down from your lofty plateau, come to my lowly reality and enlighten me in language I can easily understand.
You see Jackie: It went up, and now it is a short at 55. Let us see how it does in the future. It is now at 54.04. It would go down more. There is a reason for this Jackie, now find it Jackie.