I've discussed already the possible long term bottom in the air transports some months ago.
Despite recent terror menace airlines have hold very nice. I see a clear 5 waves impulsive pattern unfolding since the retest of March's 09 bottom, meaning airlines are probably the first US industry to get out of the bear market, well, after ...... at least 10 years and ~94% decline. It's pretty encouraging for other sectors, isn't?
No comments:
Post a Comment