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To: steve from ihub who wrote (134879)7/28/2006 1:54:57 PM
From: Henry J Costanzo  Respond to of 209892
 
Agree TRAN troublesome here.....I would think a rebound should be near.....Looks like it may be winding up an A-B-C correction.....and ..initially, at least.....seems to be getting good support at the 200dMA ..which still climbing and indicating continued LT uptrend.....



To: steve from ihub who wrote (134879)7/30/2006 9:54:57 PM
From: wave3rules  Read Replies (1) | Respond to of 209892
 
I agree, and thats a factor for being bearish right now. Transpo wacked, utilites strong (flight to quality) NAZ100 looks totally ugly, housing and retail plain crashing. That my friends is not the signs of a bull market, those are the signs of a turn to a bear market.


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