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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Saturday, September 26, 2009

$TRAN


A test of the transportation index secondary trend is intresting to me as oil actually fell this week. This is definitely a chart to watch for indcations of the overall market.

This sure looks like a HUGE Inverse H&S pattern indicating OIl will stay low or may even fall more boosting transy profits.

Or would a failure to penetrate 4142 indicate oil may be moving higher driving the Transportation stocks lower?

Either way set an alert at 4100 as a reminder to check the transportation stocks like BA, CAL, DRYS, EXM, GMR, LMT, RIG

For the Web's best interactive charts, please visit http://www.Prophet.Net
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