***TRANSPORTS - BEARS galore on Monday, mark my words, if the Bears had troops, they'd be placed thickly against these Transports...
>>>Bears to defend (on daily chart)... *10 (3559) or 50 day (3669) moving averages... *RSI from breaching 50, currently at 48.1, also forming a declining triple top confirming the recent lower highs and lower lows...
All in all, if the "BEARS" move is successful here, this index would be looking at a damn-near guranteed retest of the standing 2005 lows which were made in April at 3348...
On a side note, watch how the transports open today, if they open at 3633 or below, they will have succesfully started the week off under their respectable 50 weekly moving average, if they can 'successfully' close below that average come Friday, then this will be the FIRST week since the first week of April 2003 that this index has OPENED & CLOSED below its 50 weekly average...
IN OTHER WORDS... Monday is significant, as is Tuesday, Wednesday, Thursday, and Friday of this week... Bears will be out in force, and if you're still somehow showing complacency in this market... by that I mean... if you are still somehow STUBBORNLY bullish, then please, by all means watch the transports this week, maybe they'll shine some light upon you...
Big money moves the markets, why fight "BIG MONEY?">>>
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