Dow Transports Weekly Chart Looks like Big Bear Flag

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Check out this weekly chart. *This could be bearish IF IF IF we break below that lower up trend. But pay attention to this flag as the market and transports both have resistance here.

Your thoughts...
 

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Sep 11 to Jan 12 looks about like Jul 10 to Oct 10. Kinda bullish if you ask me. Similar to the DJI chart. I think factors are different a some kind of downturn is coming but when and how big, who knows. About the time it starts to dip a little like in 2010, then QE3 may save it.
 
I could be wrong but I don't think it's considered a flag when the retrace is ~ 75-80% of the initial move. That pin bar low in Oct. and the huge volume @ the 50% retrace in late Nov. look mad bullish to me.
 
et has now become my top indicator to find out what the herd will do next. keep it up guys. what are you guys buying/selling? can you post some charts?
 
Quote from Doji7:

looks bullish to me
+macd
rsi over 50
white candles
More...

Yes... although take a look at the 5 minute and 60 minute charts... huge divergence in most everything, including rsi and macd... I'll post screenshots shortly.
 
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