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What would you do with this asset given all of the lines in the chart below that are in play? What exactly is it that we’re displaying on the chart?

Is line (1) in the chart below relevant to the Nikkei per history? If so, what happens with a sustained break above it, if anything?

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Here is a link detailing all of our bullish posts on airlines dating back to May 30th of last year. In the past quarter alone, since mid October when we suggested more airline out-performance, the group (via FAA) is up ~19% vs. a flat SPX, making it the fourth best performing industry in the U.S. […]

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