Hamilton's E-Wave Analysis

AC.A, Air Canada

ac.a jan 27 2014

We know that buy-and-hold does not work (anymore?). We also know that owning airline stocks has NEVER worked. Ergo if it does by chance work that is because it was a trade and you were lucky. A ten-bagger in a little more than two years is lucky indeed. We are now at the nice 50% retracement Fibo level, to the tick almost, and we would let caution prevail again by getting out, now. See more detail below;