Monday, November 12, 2007

$TRAN - Dow Jones Transports Index


$TRAN failed to remount the midline and fell out of the SYMMETRICAL TRIANGLE to the downside...However,there remains support at the August lows and in general, the Index is oversold in the near term.


Holding long term support here at the green uptrend line...Could foretell near term bounce...


If you look at the MONTHLY chart...The $TRAN has broken through support which exited the triangle and has held for a long time now...

No comments:

Post a Comment