Tuesday, September 8, 2015

[LUV] update

Backlink.

Still holding my LUV puts (which are still green for me) because I think it is up against resistance.  That big unicorn tail certainly put a crimp in the model though.  It was an easy bearish read until that happened.  Now I need more data to have a clearer picture so I'm waiting to see if this will push through resistance or not.  Current thinking is that resistance (if not the exact line then likely the region) will hold and lower lows are likely coming.

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