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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (40129)	4/17/1998 7:10:00 AM
From: donald sew	Read Replies (1) of 58727

Electric, >>>Did everyone see DAL???? I am telling you.. this one is gonna beat and announce a split...get in while the boarding is cheap, could be over 150 in a short time....<<<<< As the airlines did last quarter, it appears that the earnings will be good again this quarter. Checked the chart on the XAL and it appears that it may be forming a DOUBLE TOP right now. I believe that the earnings for most of the airlines will be out by next week. If the XAL does not break the DOUBLE TOP formation to the upside by the time all the earnings are out, one should proceed with caution. I am not saying it will or it won't, just a technical tid-bit to watch. Also keep in mind the price of fuel. Seeya

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