Monday, February 8, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,862 Blog Posts

End of the Line for Trannies

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.

_____________________

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please like our Facebook page

One comment

  1. Drop! Baby, DROP!