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Anyone trade the TRANSPORTS...


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#1 Wallcrawler

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Posted 16 January 2007 - 06:51 PM

... in the last few weeks?.

Nice move....

Daily chart
[img]http://quote.prophet.net/JCPrintChart?href=http://INTEGRITY.prophet.net/TemporaryFiles/JavaCharts/127.1168991337754.print.gif[/img]
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#2 dcengr

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Posted 16 January 2007 - 07:05 PM

Airlines going up, oil going down..

Except needs more breadth, and it just hit top range of MCO.

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#3 eminimee

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Posted 16 January 2007 - 08:18 PM

http://www.traders-t...showtopic=65115

#4 Wallcrawler

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Posted 16 January 2007 - 08:22 PM

http://www.traders-t...showtopic=65115


Thanks Tea... missed that post...
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#5 arbman

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Posted 17 January 2007 - 09:31 AM

Airlines going up, oil going down..

Except needs more breadth, and it just hit top range of MCO.


Oil is probably next...

#6 dasein

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Posted 17 January 2007 - 09:30 PM

From World Trade Magazine: Truck Shipments Take a Dive The American Trucking Associations reports that domestic truck shipments fell by nearly 9 percent in November, which marks the largest year-over-year decrease in almost six years, according to the industry’s biggest trade group. The truck tonnage index now stands at its lowest level since late 2003, following an 8.8 percent decline versus the same month a year ago. The index fell 3.6 percent from the prior month. Considering that over two-thirds of all manufactured and retail goods in the U.S. are carried by truck, the industry is an important economic bellwether. "Both the month-to-month and year-over-year decreases indicate that the economic slowdown is in full gear," Bob Costello, the association's chief economist, said in a statement. "One month certainly doesn't make a trend, but if we continue to see year-over-year reductions of similar magnitudes in the next couple of months, it could indicate a greater economic slowdown than economists are projecting at this point."
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