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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47488)2/9/2012 2:41:53 PM
From: Johnny Canuck  Respond to of 70381
 

To: Johnny Canuck who wrote (47488)2/9/2012 2:44:01 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70381
 

So far it is an inside day on the DOW transports, ie... the price range is inside the high and low of the previous day. This indicates a lack of conviction either on the buy or sell side. We still don't have a sell signal so the signal is neutral right now.



To: Johnny Canuck who wrote (47488)2/9/2012 4:09:25 PM
From: Logain Ablar  Read Replies (1) | Respond to of 70381
 
Hi JC:

I think there are going to be a lot of shippers losing their ships to the lenders. Not sure I'd want to be investing in any of the stocks.

I'm still trying to figure what happens to co's like NAT when the Suez upgrades are finished. There is still a market for their tankers, just not sur of the price.

Tim


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