djtransports

wavetimer

I have now moved to a net short in djt using IYT We have the etf forming a double top as the cash made a new high .This is very neg going forward FOR ALL INDEXES .USE PUTS FOR MARCH TO MID SUMMER AT THE MONEY

wavetimer

LOOK for a very sharp break in all transportation stocks now

AbdulRazaq

Dow Jones Transportation Index in bullish mode. Buy on retracement in 1546.28 to 15489.81 zone. Stoploss at 15416.36.

wavetimer

Today low is wave Blook for the market to now rally one LAST GASP ACROSS THE BOARD

wavetimer

TODAYS LOW SHOULD MARK wave B low we should now see the whole market ALL sectors rally for 3 to 6 days to peak in wave C of B up then the PAIN SETS IN wave C DOWN

wavetimer

I HAVE COVERED ALL SHORTS AND NOW MOVING NET LONG RAILS AND IYT ONLY

Auguraltrader

Good Game... the DJ Transportation Index has broken down the up trend line. Sell signal on the ATIS system should be out soon. And MACD is crossing down into the bear territory. The BMT had already given way in early October. According to the Dow Theory, the DJ Transports is a leading indicator and well, expect the rest of the market indices to follow.

wavetimer

The two year cycle low in djt came in right on time in march at ax 1.618 and 50% and .382 at march low we are now looking for the BULL MARKET TO END AND ENTER A 18 TO 22 MONTH BEAR MARKET IN DJT AS WE REACH THE UPSIDE TARGET 12175 TO 12250 WATCH FOR A MAJOR SHIFT WITHIN 10 TO 13 DAYS AS THE FINAL BLOWOFF IS ENDING 2021 THE DJT ON AVG WILL BE...

harribatu

With more lockdowns this is our best scenario. ------------------------- Tribute to Tequila: www.youtube.com Good luck!

harribatu Updated 

These are sort of my levels. Aren't you worried about crude level? I mean... Do you think this will ever recover its shape again? It's just common sense and because this world is moved by money and transportation issues mainly. How do you imagine this future? Thanks again!

harribatu

What no one has seen yet... tremendous! It scares me, and you?

wavetimer

THE WORLD OF FIB RELATIONSHIPS AND THE DOW TRANS STILL POINT LOWER TARGETS ARE 7050 TO IDEAL 6880 WAVE A X 1.5 = C ? OR IS IT GOING TO BE 1.618 ODDS SAY NO

TheAnonymousBanker

Hello Traders! One of indicators to measure the US economy (and therefore SPX) still remains the transport index, and as shown on the chart, this indicator may have completed the upward movement (or almost). That said, in the coming weeks we will continue to monitor the support, and if it is broken, it is possible to develop an interesting bearish leg. If you...

elroytrader1 Updated 

Classic #DowTheory - implies 21600 support will hold for a while.

elroytrader1

#Russell seems to have made a top, transports following (small) industrials first? #Dowtheory

maccabean

MACD crossover + CCI move into outside channel. Very bearish but consolidation at falling trend support line.

maccabean

The Dow Jones Transports index is considered a good indicator of what the next move will be affecting the wider market. The reason for this is because transports are a good indication of economic health. Lower patronage and goods moving means lower economic activity. A few notes about the chart. The orange line is the DJ30. 1. Looking at the first green flag in...