Dow Transports Weekly Chart Looks like Big Bear Flag

[baro-san]

Quote from e92335i08:

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...

Quote from PARACLESE:

well, I am talking about individual stocks. can anyone help me? em, I want to short something.

Price is riding the trendline. I'd look for a signal to short it with a stop at the peak.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3421796>

 

[Moderate]

doesnt matter print money up up away

 

[PARACLESE]

Quote from baro-san:

Price is riding the trendline. I'd look for a signal to short it with a stop at the peak.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3421796>

hows that working out for you?

 

[baro-san]

Quote from PARACLESE:

hows that working out for you?

There's no change: same assessment. Price still riding the green trendline. This week's shorter bar looks like further deceleration: we may see the short signal this week.

 

[shopster]

keep talking your position, that will make it puke out.......

retailers still don't get it.

big hat, no cattle............

s

 

[PARACLESE]

Quote from baro-san:

There's no change: same assessment. Price still riding the green trendline. This week's shorter bar looks like further deceleration: we may see the short signal this week.

just be sure to let me know whatever it is your selling/shorting. I am a buyer.