AI
| Followers | 148 |
| Posts | 34814 |
| Boards Moderated | 3 |
| Alias Born | 06/16/2004 |
Friday, August 26, 2005 12:53:55 PM
***TRANSPORTS RIGHT AT LOW OF THE DAY***
At 3658, as traders return from lunch, the Transports are now a tick below their 10 weekly average as well as their 50 day SMA... watch as volume would bring utter deterioration into the close... I feel for those who felt this is a buy here, in fact, it's just beginning it's early deterioration should it confirm today, apparently it doesn't need to wait for the post Labor-day return of the offices to be filled, that would simply add to the selling pressure in my eyes...
At 3658, as traders return from lunch, the Transports are now a tick below their 10 weekly average as well as their 50 day SMA... watch as volume would bring utter deterioration into the close... I feel for those who felt this is a buy here, in fact, it's just beginning it's early deterioration should it confirm today, apparently it doesn't need to wait for the post Labor-day return of the offices to be filled, that would simply add to the selling pressure in my eyes...
HI-HO SILVER !!!
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