Translate

Friday, February 21, 2014

DJT - A possible S/H/S top could be building.

Dow Jones Transportation Index

Since the 2009 low at 2,147.92 we have likely seen a A-B-C rally higher, where wave C is almost exactly equal in length to wave A. A S/H/S top could currently be building, but we need a break below support 7,133.72 and more importantly support at 7,009.98 to activate the top formation for a strong decline.

2 comments:

  1. Great Charts as always Have a Great Weekend
    Best Regards jt

    ReplyDelete
    Replies
    1. Hi JT,

      Thank you very much.

      A great weekend to you too.

      Kind regards
      EWS

      Delete