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.

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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

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.