Thoughts? Looks to me like a break of 4900 would set her off.
Volumes look good....
http://stockcharts.com/c-sc/sc?s=$TRAN&p=W&st=2003-01-01&i=p09523601942&a=81697703&r=835.png
DOW Jones Transports
Started by
price-and-volume
, Jan 17 2007 11:37 PM
2 replies to this topic
#2
Posted 18 January 2007 - 12:25 AM
Volume is not solid, look here....
http://stockcharts.c...dersBottom.html
http://stockcharts.c...dersBottom.html
Edited by borland, 18 January 2007 - 12:26 AM.
#3
Posted 18 January 2007 - 06:44 AM
http://www.traders-t...?...ic=65115=
Click line for chart:
Personally I believe airlines have been the force behind the move in TRAN based solely on lower oil but that move "may" be over....if stocks like YRCW can't breakout......and that line of resistance holds on TRAN...it's a sign that the economy is slowing and this TRAN bounce is because of oil not anything else. A big assumption based on one Trend line eh?
http://stockcharts.c...W&...754217&am...
http://stockcharts.com/c-sc/sc?s=$TRA...3684&a=9...
Click line for chart:
Personally I believe airlines have been the force behind the move in TRAN based solely on lower oil but that move "may" be over....if stocks like YRCW can't breakout......and that line of resistance holds on TRAN...it's a sign that the economy is slowing and this TRAN bounce is because of oil not anything else. A big assumption based on one Trend line eh?
http://stockcharts.c...W&...754217&am...
http://stockcharts.com/c-sc/sc?s=$TRA...3684&a=9...