TECHNICAL VIEW . Wednesday, April 23rd, 2008 There’s still a bit of doubt whether we’ve now broken out of the wide and volatile trading range we’ve been in every since late January to the upside. And whether it will stick. At least in my mind. My reasoning for you chart lovers out there is that since...
TECHNICAL VIEW . Thrusday, April 10th, 2008 “A ‘line’ is a price movement extending two to three weeks or longer, during which period the price variation of both averages move within a range of approximately five per cent.” (Both averages meaning the Dow Industrials and Dow Transports.) The above quote...
Dow Transports . I Like The Way The Dow Transports Are Holding Up. After the news that Warren Buffett upped his stake in Burlington Northern, a big railroad component in the index, on January 20 th , the Dow Transports have started to steady up. Of course, the suddenly slumping oil price sure does help...