Wednesday, August 09, 2006

MARKET ACTION ALERT

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=1&mn=0&dy=0&id=p82466192234 CHART OF TRANSPORTS DAILY.

Just made a new LOW for move and is RED for the day, non confirmations can be deadly,

D

1 comment:

Marc R said...

An ugly day for the markets IMHO, most may look at SPX and NAZ and say nothing much happened, but at one point the NAZ was up 2% !

I feel as I posted this AM the DRAG of the slumping Transports was too much to overcome, even with hypesters CSCO on the loose.

D