Excellent post... demonstrates how important it is to trade your personality type... One has to find & tailor the correct style for themselves...
Honestly I'm unsure. Think you could make a case for both sides. Feels like a bit of a congestion / digestion day so far today off that big day yesterday. Does the big reversal off that key level yesterday tell you anything - or just that key levels are often contested initially? Lol I probably sound like I'm feeling my way along the wall in the dark with some of these questions. Just trying to learn and better my observational chart skills. Some of the levels you call on incoming moves are so accurate its incredible! Thanks for weighing in TW! Great insights as usual.
Once the market realizes that it's just Wally and Samantha who get hurt again in California, the market will begin to roar-------Here we go!
Not too bad really, they can remain solvent for about 18 months. Cut back their projected additional flights in August from 1000 to 500. As picking stocks for the long haul goes, I always look at the CEO of a company. Someone told me this way back when I first started buying stocks in the mid 80's and I've written this here at ET more than a few times... "Bet on the man, not the company". I'll tell you what, that Ed Bastion... he is one top notch CEO. If anybody can pull an airline through this mess, he can. If he were to ever leave Delta for another company, I would buy stock in that company the minute he signed his contract.
A basic FYI/FWIW... @ 1020a (pst), ES volume is running at 74% of yest. 2.75 hours rth to go. Nothing to suggest volume-wise, that the pattern that exists since the first shutdown is about change here. Up days on decreased/ing volume, down days on increased/ing volume.