You can see on the chart the transports have broken above the main resistance line (dark blue) and are now just testing that breakout.
Dow Transports Nov.5 Hi Chart Projection
Started by
Russ
, Sep 23 2007 11:37 AM
No replies to this topic
#1
Russ
-
- Traders-Talk User
- 7,201 posts
Member
Posted 23 September 2007 - 11:37 AM
This is in agreement with Airedale88's work, this should be followed by a low into January, posslibly the third week which is a little later than Airedale's work in which he mentioned late Dec. for a low. His work is for the Spx whereas this chart is for the transports but the spx and dow industrials and others are looking similar to this chart, so there should be a good rally through Oct. just like 2006.
You can see on the chart the transports have broken above the main resistance line (dark blue) and are now just testing that breakout.
You can see on the chart the transports have broken above the main resistance line (dark blue) and are now just testing that breakout.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
