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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Dwight E. Karlsen who wrote (51100)8/29/1998 2:16:00 AM
From: Dwight E. Karlsen  Read Replies (3) | Respond to of 58727
 
anyone want to take a stab at explaining why airlines were up virtually across the board, with one up over 7%?

Here's my airline "portfolio" (just a list, I'm not in any of them):

techstocks.com

granted that the airlines have been absolutely hammered recently, so this could be simply a bounce, but why across the board, and why today of all days?

Btw, that airline that was up over 7% today? NWAC, and the pilots went on strike a few hours ago. Strange, at least I don't see the rationale.

The airline is totally shut down.



To: Dwight E. Karlsen who wrote (51100)8/29/1998 9:30:00 AM
From: William H Huebl  Respond to of 58727
 
Dwight,

I TEND to be in your camp... at least for some kind of a reflex rally. I would like that because it would support my contention we have not broken the uptrend that started in 1994. Howsomever... I would also like to see the relative momentum on SP500 as well as the binary waves get above 50 and it doesn't look like that will happen this week... more consolidation???

Bill