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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (22029)7/21/1998 8:47:00 PM
From: epicure  Read Replies (1) of 94695
 
DAL hit a weekly sell for me, and all my other indicators look like it is going down. Another airline got downgraded today-

Continental Airlines Inc. (CAI/B) 58 11/16 +7/8: Gruntal & Co. reiterates "hold" rating on airline carrier despite strong
Q2 results; expects benefits from fuel price declines to wane and hurt expenses; also positive impact of decline in long-term
interest rates is likely coming to an end; Asian crisis to continue and hurt leisure travel to Hawaii and other Asia/Pacific
destinations; and Latin American competition is heating up.....

AND I just got a sell on the Transports- so I don't think DAL is going up to its high again. BWDIK
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