Thursday, January 31, 2008


Since our buy signal on the Airlines Index (XAL), we have enjoyed a 15.8% advance and this in the face of some fairly volatile stock prices.

There are however some signs that it might be getting tired and should be watched very carefully.

Simply watch the wedge that is currently forming and if it breaks to the upside, then all the better returns for us. But, if it breaks the lower line then you will want to look at taking your position off the table and the profit in your pocket.

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