Airlines Holding Lows

10/17/2008 9:52 am EST


Thomas Aspray

, Professional Trader & Analyst


The airline stocks closed strong yesterday as, so far, the test of the January and March lows appears to be successful. Since all of the major averages have already dropped well below these lows this is an encouraging sign. A close back above the 131 should be enough to complete the short term bottom.

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