http://www.youtube.com/watch?v=YNYBM0TGOwE
Bespoke is out with a note discussing the coiled nature of the transports on a weekly timeframe.
Turning to the monthly timeframe below, you can indeed see the trannies basing tightly under all-time highs. Given the resurgent airlines and the resilient railroad firms, I am on watch for resolution to be higher through 5,500.
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