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04-28-2009, 09:31 AM

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cppene

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Join Date: Apr 2009

Posts: 62

Dow Jones transportation index- this index remains key

• It does now look to be losing steam with momentum turning lower.

• Very good support is met in the 2,865 to 2,920 area and a break below would strongly ring alarm bells that this recent rally could be turning.

S&P 500

• Similar picture here. We need to see a break 870-880 area to renew momentum in this move while below 805-825 would ring the alarm bells loudly.

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