Boeing Hoping for a breakout to the upsideUsually people see decending triangles for a continuation to the downside. I will view it as a indicator for something about to occur as it keeps getting tighter within the triangle. With the DOW at about 50% retracement if you plot from High to low and do it for Boeing, I believe it is lagging and price should be $220 if it is fufilled. There is still a need for military technology and it will continue to innovate. I have 1 BA $135 Call for $25.50 August 21. I would like to sell it for $80.
