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From: Rarebird	12/9/2009 9:36:49 AM
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Transcendental Market Fragments: The Market: The market dropped to the bottom of the trading range yesterday. The market is heading toward a cycle low due late this week which should kickoff a good rally. The outperformance of NDX and SOX highlights this underlying strength in the market. Dow Industrials: Earlier, I noted strong selling pressure in the Dow stocks. Today, the money flow line flattened out despite the Dow Industrials price level moving to the bottom of the trading range. This suggests that the buyers are coming back into the market and is a sign of a potential bottom being formed. Dow Transports: Another reason to look upon this is as a trading range setting the market up for a rally is the action in the Transports. DJT is considerably stronger than DJ, a characteristic of a market setting up for a move to the upside. Bottom Line: For Wednesday, the market should hold the bottom of the range and move to the top of the range, at minimum. I may have seen the low price of this cycle now, but it's possible I could see a lower low later in the week before the rally resumes.

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