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Strategies & Market Trends : Longer-Term Market Trends
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To: Perspective who wrote (1062)6/25/2008 8:12:15 AM
From: AllansAlias  Read Replies (3) of 3209
 
re: $TRAN

Was looking at the TRAN components last night... There were a few "saves" yesterday and there are a number of TRAN components that have an overlapping mess near their recent highs -- suggesting consolidation for another pop. Could go either way I figure.

Here is the bullish read, and I do respect it:



The expected resolution of this setup -- a 4th wave triangle (wedge'y in this case) is a hard drive out of yesterday's hole. If it does not drive up hard the next week or so, it's a warning.
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