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September 26, 2005
Transports Firming
The Dow Transports ($TRAN) declined within a falling flag over the last seven weeks and is starting to firm. The average formed two inverted hammers and two hammers over the last four days. Take these candlesticks with a grain of salt because the Average does not have a true open based on an actual trade (it is an index/average of 20 stocks). The falling flag is typical for corrections and a break above 3670 would be quite positive.
Posted by Arthur B. Hill at September 26, 2005 06:54 AM