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Tested twice, three times, makes it more obvious to be a strong resistance level, there’s pent-up selling pressure there.
Found on Reuters 8 years ago
For a breakout we need consecutive weekly closes above 2,100, momentum is not there yet, so I'm watching for the downside.
Found on Reuters 8 years ago
There is no' sell' signal as far as I'm concerned, the divergence is certainly something to make a note of, in terms of your positioning in the transportation sector, but I don't see it as a message in regard to the broader market.
Found on Reuters 9 years ago
The downtrends there are very much intact, i think that would be a pocket of weakness for the transportation sector that for now you'd want to avoid.
Found on Reuters 9 years ago
In reality, the Dow Theory doesn't call for it in this kind of scenario, so it's really a misperception, or a bad interpretation of Dow Theory, so it would matter if the Dow industrials were in a down trend and were breaking out and trying to reverse that down trend, then you would want to see that confirmation from the transports.
Found on Reuters 9 years ago
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