Not a Pretty Picture

02/18/2009 9:39 am EST


Thomas Aspray

, Professional Trader & Analyst


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
Cognizant: From AI to IT
12 hours ago

Cognizant Technology Solutions (CTSH) began operations in 1994 as an in-house technology development...