End of the Line for Trannies

545 views

This is about as far down as I am inclined to see the Dow Jones Transportation Average fall here. Note the gap fill back to the high of the diamond bottom, looking at this 30-minute chart, as well as holding support from August 5th. Losing this area would return the initiative back to the bears after the recent snapback rally.

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One Response to “End of the Line for Trannies”

  1. Drop! Baby, DROP!

Comments are closed.

End of the Line for Trannies

545 views

This is about as far down as I am inclined to see the Dow Jones Transportation Average fall here. Note the gap fill back to the high of the diamond bottom, looking at this 30-minute chart, as well as holding support from August 5th. Losing this area would return the initiative back to the bears after the recent snapback rally.

_____________________

One Response to “End of the Line for Trannies”

  1. Drop! Baby, DROP!

Comments are closed.