Zeev's Turnips Patch-No Politics (ZEEV)

[westpacific]

Transports, tell you hold all the keys.

Dow Theory will always rule the day.

Right now on the all time chart, if the transports cannot continue upward we have a massive H&S formation.

Right now they are not confirming the DOW and have been showing extreme weakness over the past few weeks!

Also the utilities are starting to breakdown and also showing a massive all time chart H&S formation! 300 the neckline and the index at 319 right now, watch for downside weakness below 300 as a sure sign the FED is losing against deflation and the next bear is about to insue! THIS chart and that 300 line HOLDS LOTS OF KEYS to this inflation/deflation battle!

West