Dow is now around 12300 as I expected for this correction. I hope all major indexes could move up and DOW could break 12800 to form a higher high pattern and maintains bullish trend.
If you have bought airline stocks as I recommend, for example NWA around 8$, you can be quite profitable now and even better today after the M&A news from Delta and Northwest. In fact, I could not predict M&A, the airline stocks are just too low to drop further. It was perhaps the worst time for airliners, and it could be the best buying opportunity for this sector in recent years. Please, please do not forget to by on weakness.
Will be back on 17th, ttyl.
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