Wednesday, February 13, 2008

XAL Update - Remaining Position

The Airline Index is offering up some clarification as to its near term direction.
We are sitting with only half our position as we took a very nice profit on the first half already.

We will know shortly what to do with the remaing position as the index will clue us in upon a break on either side of the triangle.

A break to the downside and we exit our remaining position.
A break to the upside and we continue to hold long.

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