Replies to post #12 on US Marine Transportation Index (DJUSMT)

[ospreyeye]

Very sweet chart bud......I only see good things in the future for this sector......any pullback should be met by institutional buying & should be seen as a good loading opportunity.......as long as the Uptrend continues $DJUSMT should continue to be money......as you can see by the charts $DJUSMT trades in a well defined channel......a plus w/ ETF's......computerized trading makes well defined patterns.......Algorithms love moving averages & Bollinger Bands.......the weekly chart shows the channel is between Upper BB resistance and MA(20)/Middle Bollinger Band support.......as long as the Middle BB holds the uptrend will continue......if Middle BB support breaks I'd look to reload @ MA(100).......& MA(200) is just below......something fundamentally wrong in the sector would have to happen for that type of pullback or if the markets had a major correction.......I'm looking into Arctic passage plays........these companies should turn some huge profits as the ice melts.......$$$