Monday, December 15, 2008

Transports Tell the Tale - Every Time


Keep it Simple Stupid, KISS.

To the right is a relative performance chart of the Transportation Index verses the SPX. The relative weakness in the Trannies has led us into every interm low. I have highlighted these lows with the vertical green hash marks. Based on this chart, the 741 low in November wasn't the low. Look to the stoch's as a GuidePost. We look to be on that verge again...
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