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Non-Tech : Trans World Airlines (TWA) -- Ignore unavailable to you. Want to Upgrade?

To: hui zhou who wrote (966)	12/5/1997 7:31:00 PM
From: David M.	Read Replies (2) \| Respond to of 1373

Hui,Hi ,Your comparison was interesting enough for me to analyze the time frames between the two airlines .For US Air I used the time frame from12/94 -12/95 and for TWA 12/96-12/97 U was tradeing much heavier avg vol at the time 14m a day .TWA trades avg 2.5m a day. The charts are definetly different.U shows a stair step pattern which means that it rose steadily and developed a base at each step this way,translates into suport as it went up in price.TWA has developed a mimbo which I wont explain but it is also a base of support before a breakout.while this pattern does not seem to give support in each step it establishes support quicker and at higher ranges.U gained support every 2 dollar increments. Twa will gain support in 4-6 dollar increments you will see this soon in the chart pattern .I hope you got in low like Tony and Jerome.You will have a happy Holiday If Im right.<G>thanks for the Exercise. Regards David M.