Chart update from a chart posted 2 days ago. The transports are a great barometer of market and economic strength or weakness. I will be watching the development of this pattern very closely. You should too.....
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2 comments:
As you said, it looks like 3600 to 3700 is significant. Is it correct to say a similar pattern happened in early May and early June, followed by a smaller version of it in August? Both times support held and the market moved up.
Greg
i am still not convinced we are TOPPING OUT. as of now, corrections are still in BUY mode greg. we are close to year end and historically a very bullish time for stocks.
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