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I have a love-hate affair with AMR...I love to hate them <g>. Actually, I worked for them 30 years ago and since then have watched the airline be chronically mismanaged. Management may be finally getting their heads out of the butts, tho.
I have a love-hate affair with AMR...I love to hate them <g>. Actually, I worked for them 30 years ago and since then have watched the airline be chronically mismanaged. Management may be finally getting their heads out of the butts, tho.
One day the government will run the airlines...Just a matter of time...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Make a right triangle using the 7/21/05 and 3/13/06 - 3/16/06 highs, and the 10/20/05 and 2/28/06 lows. Subtract the high from the 10/20 low for a difference of 3.71. Add that to the breakout price of 9.10.
What are your thoughts about the GOOG chart? it seems it has practically closed the gap at near 406 now, so should it start heading lower?
Looks a bit overdone to the upside for my taste and thinking of a short.
You have to respect the fact that the gap closed. The current price is a 50% retracement of the decline between January and March so if it's going to weaken, it should happen soon.
Double its 200DMA and in a symmetrical triangle. It closed right on the support line of the triangle yesterday; next support level is the 20-day EMA, around 20.45.
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