Sunday, September 6, 2009

Watch the $TRAN this coming week. (edit)

All Candlesticks compared.
It appears to hold the key here, for the immediate short term.

(IF) we push higher, it will be the likely first to break out.

I think that we are going to pullback to the short term support lines of all these this coming week. However I will watch the $TRAN for a leading breakout short term.

best of luck, enjoy Labor day.......

Disclosure: qqqq sep 39 puts @ .31

edit: new chart, had the ndx on logarithmic and others at linear
(all are now set at linear)
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