Thursday, January 7, 2010

Transports: Decision Time

It look like it is decision time for the Dow Jones Transports.

The major cycle influence stemming from the May 2008 peak in the index is still in play--even though the duration of the rally has recently equaled the duration of the decline--the cycle from the initial rally of the March-May rally (AX) is now having a major influence on market behavior (XB).
Once this cycle of influence is broken the transports will respond with increased choatic energy.


WATCH FOR FIREWORKS SOON IN THE TRANSPORTS.

*click to view larger image*

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