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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (25032)	2/3/2000 8:37:00 AM
From: j g cordes	Read Replies (4) \| Respond to of 68199

Yes, interesting insn't it. The airlines are moving into their positions just like it was scripted.. like its some Serengetti Plain migration cycle. Oil is threatened on the demand side by Federal emergency reserve releases, traders are musing that prices can't hold up here, airline stocks are hitting trend cycle lows just as Spring begins to anticipate biz-ier travel and higher air fares to compensate for the distress the industry has been put through. On the practical side, which companies does one buy? The most beaten up or the strongest ones? The nearby options or the leaps as a leveraged proxy for the stock? Its a cyclical play, probably not more than 25 - 30% at best in it, but its there and tempting. Yesterday I almost bought AMR 55 March calls when the stock was at 54 on a dip. But I looked at the option series and didn't see nearly the liquidity/activity I like to see. Thomas has been touting ONE as a long term value/possible takeover play. A few large chuncks of calls have been bet on that while the stock has continued to fall on real performance. There doesn't seem to be a consistent time frame for these call bets so I'll assume its just in case positioning. It needs positive news to light a fire and the current interest rate hike has prompted a prime hike from all the banks. What charting service?