(function() { (function(){function c(a){this.t={};this.tick=function(a,c,b){var d=void 0!=b?b:(new Date).getTime();this.t[a]=[d,c];if(void 0==b)try{window.console.timeStamp("CSI/"+a)}catch(l){}};this.tick("start",null,a)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var h=0=b&&(window.jstiming.srt=e-b)}if(a){var d=window.jstiming.load;0=b&&(d.tick("_wtsrt",void 0,b),d.tick("wtsrt_","_wtsrt", e),d.tick("tbsd_","wtsrt_"))}try{a=null,window.chrome&&window.chrome.csi&&(a=Math.floor(window.chrome.csi().pageT),d&&0=c&&window.jstiming.load.tick("aft")};var f=!1;function g(){f||(f=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",g,!1):window.attachEvent("onscroll",g); })();

Thursday, April 26, 2007

Airline Sector: Time for Short Term Rebound?

Is it time for short term rebound in the airline sector? Looking at Amex Airline index, (XAL) it has tested $51.7 three times and in the last two sessions, printed a spinning top and hammer-like bar. Look at the last two times it tested support with these long lower tails - it managed to have a rebound. It tested support today (wed)and closed near its high, despite a $1 rise in Jun crude oil futures. Looking strong, but this rebound maybe a short one as there are many overhead resistance: 20MA,50MA,200MA.

CAL and UAUA are quite similar to XAL, at some support level printing long lower tail bars, but also having some overhead resistance.


Post a Comment

<< Home