Finally, A Chance To Short The Cruise Ships – Part 2

Last month I wrote about the cruise ship industry,

Finally, A Chance To Short The Cruise Ships

I have been eyeing the cruise ships for nine months. If the economy is slowing / tanking, consumer will have less and less discretionary funds.

Royal Caribbean, the world’s second-largest cruise company operates more than 50 ships under the brands Royal Caribbean, Celebrity Cruises, Azamara Club Cruises and CDF Croisieres de France.

So the trade set-up is if price can pull back to the weekly supply at $106, the chart suggests price will head down to the weekly demand at $80.

Well, I got this one wrong and

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