UAL Continental holdings:
1. In the past several weeks it was noted and our Williams edge stock meetings that UAL Continental holdings was at a critical juncture and that any daily close below $61.05 on or around mid-May would indicate a drop to $54.80/$.70.
2. On Tues., May 19 UAL Continental holdings closed the day at $60.81, below $61.05 indicating new short entry for the above-noted decline.
3. UAL Continental holdings declined sharply and completed the $54.80/$.70 downside target with today’s low at $54.15, so far). This completes the trade. Will message any further entry or indication in UAL Continental holdings.
David Williams