Sunday, November 25, 2007

BA - Boeing


It looks like BA has traced a "SIAMESE HEAD AND SHOULDERS" on the DAILY chart here...The rebound to the neckline has already begun...We will see whether the price fails at the $92 level...


BA has been trending steadily higher over the past three years...However, there has been a clear break below the support trendline recently...Will the dollar continue to decline? Will the overall market recover?


BA broke out of a nice WEDGE/TRIANGLE in 2003 and has been enjoying a huge steady upward move...May be ending that rise as we speak...

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