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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (71959)	4/23/2003 11:42:12 PM
From: At_The_Ask	Read Replies (1) of 209892

I've become fairly convinced that the trannies are going to melt in the near future. If I'm correct then this will be market bearish from the dow theory pov. The emergency opec meeting may provide a catalyst for the downside if they cut drastically. There aren't any options on the transport index so I'm going to put YELL and one or more of the following whichever ones get my attention. chrw, bni, cnf, jbht, and wern. If you check out the $tran daily and weekly and some of these issues you can probably figure out what I'm looking at. BKX is probably doomed too IMO.

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