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Buy on the dip

Wait till the stock is cheaper than Mesa's and then buy.......

Jim
 
If it provides anyone here comfort, LCC's candlestick pattern today formed a "very bullish" Homing Pigeon. I tend to get a headache directly behind my eye when I look at candlesticks, so I don't follow them much.

Here is an explanation from www.candlesticker.com

Bullish Homing Pigeon Pattern is a small black real body contained by a prior relatively long black real body.

Recognition Criteria:

1. Market is in downtrend.
2. We see a black body in the first day.
3. Then we again see a black body in the second day where the real body of this second day is completely engulfed by the real body of the first day. It is not required that the shadows (high/low) of the second candlestick are contained within the first, though it's preferable if they are.

Explanation:

The Bullish Homing Pigeon Pattern is a signal of disparity. In a market characterized by downtrend, we first see heavy selling reflected by the long, black real body of the first day. However small body of second day points out to diminished power and enthusiasm of the sellers thus suggesting a trend reversal.

Important Factors:

The important fact about this pattern is the requirement that the second day has a minute real body relative to the prior candlestick and that this small body is completely contained by the larger one. The Bullish Homing Pigeon Pattern is not necessarily a signal for a rally. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon.

We must check the third day to confirm that the downtrend has reversed. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (on the third day).


33FIG.gif


LCC is up $0.14 to $3.00 in after-hours trading.
 
28L_or_10R? said:
If it provides anyone here comfort, LCC's candlestick pattern today formed a "very bullish" Homing Pigeon. I tend to get a headache directly behind my eye when I look at candlesticks, so I don't follow them much.

Here is an explanation from www.candlesticker.com

Bullish Homing Pigeon Pattern is a small black real body contained by a prior relatively long black real body.

Recognition Criteria:

1. Market is in downtrend.
2. We see a black body in the first day.
3. Then we again see a black body in the second day where the real body of this second day is completely engulfed by the real body of the first day. It is not required that the shadows (high/low) of the second candlestick are contained within the first, though it's preferable if they are.

Explanation:

The Bullish Homing Pigeon Pattern is a signal of disparity. In a market characterized by downtrend, we first see heavy selling reflected by the long, black real body of the first day. However small body of second day points out to diminished power and enthusiasm of the sellers thus suggesting a trend reversal.

Important Factors:

The important fact about this pattern is the requirement that the second day has a minute real body relative to the prior candlestick and that this small body is completely contained by the larger one. The Bullish Homing Pigeon Pattern is not necessarily a signal for a rally. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon.

We must check the third day to confirm that the downtrend has reversed. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (on the third day).


LCC is up $0.14 to $3.00 in after-hours trading.
Click to expand...

At closing bell, LCC closed at $3.11 up $0.25 (8.74%). Guess the Bullish Homing Pigeon was on to something.

We must check the third day to confirm that the downtrend has reversed. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (on the third day).


If we follow the hocus-pocus of candlestick patterns, the downtrend of LCC has reversed and the potential of upside is good.

I guess even phrenology and reading tea leaves gets it right sometimes.
 
More on candlestick patterns: Today, LCC formed a Bullish Engulfing Pattern.

From www.candlesticker.com

Definition:
Bullish Engulfing Pattern is a pattern characterized by a large white real body engulfing a preceding small black real body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. The Bullish Engulfing Pattern is an important bottom reversal signal.

Recognition Criteria:

1. Market is characterized by downtrend.
2. Then we see a small black body.
3. Next day we see a white body that completely engulfs the black real body of the preceding day.
Explanation:

While the market sentiment is bearish; we see some subsided selling reflected by the short, black real body of the first day. Next day shows bull strength with a closing price at or above the previous day’s open. It means that the downtrend is now losing momentum and the bulls started to take the lead.

Important Factors:

The relative size of the bodies in the first and second days is important. If the first day of the Bullish Engulfing Pattern is characterized by a very small real body (it may even be a doji or nearly a doji) but the second day is characterized by a very long real body, this strongly indicates that the bearish power is diminishing and the disparity of white versus black body is indicative of the emerging bull power.

There is higher probability of a bullish reversal if there is heavy volume on the second real body or if the second day of the Bullish Engulfing Pattern engulfs more than one real body (which essentially means we see two or more small black bodies preceding the long white body).

The reversal of downtrend needs further confirmation on the third day. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the third day.

32FIG.gif


Let's see what happens tomorrow. I'll bring a rabbit's foot and an astrological chart.
 
When you make your riches on LCC stock,call me ,I have some beautiful oceanfront property in Iowa you may wish to purchase...lol
 
US1YFARE said:
Wow! And, CO doesn't charge for drinks and it serves meals in Y! The craziness.
Click to expand...
I applaud CO for staying on the customer side of business. How long will it take before they shread the freebies?? I don't think meals cost as much to customers as other airlines. I might be wrong, but I know the catering is inhouse, or at much lower costs??? :unsure:
 
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