claydoctor
Short

DAL completing an ABCD pattern

NYSE:DAL   DELTA AIR LINES INC
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Price of oil spike, DAL completing an ABCD pattern , where suspect Bollinger band and bottom trend line of channel meet and have lunch. But where they have lunch depends on who is picking up the tab, the US in Baghdad, or Iran in Kuwait? If the US does not prevent the spread of ISIS through Baghdad, which not sure if Iran or the US really cares about that, neither Iran nor US will let them get that far South where the real oil is and the export terminal. The question is the timing of it all, and how high the price of oil gets before one or the other steps in to calm the sees and take control. Problem is, if the US in ineffective, and Iran takes control at any point, they are Shiite brothers of the current Iraq government, price of oil continues to rise, because US will be vulnerable to Iran at that point for that oil , not good.

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