Not a Pretty Picture

02/18/2009 9:39 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

Tuesday's decline generated a new closing low for the Dow Transports, completing a triangle formation which has downside targets in the 2000-2200 area. The Dow Industrials closed just above the November closing lows, and if stocks do not rally sharply over the next few days, another leg to the downside is likely.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS

Keyword Image
All That JAZZ
12/11/2018 5:00 am EST

Jazz Pharmaceuticals (JAZZ). is the type of stock that should protect you in case of a bear market w...