Transports Still Stronger

04/23/2009 1:49 pm EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

The Dow Jones Transports were up Wednesday and are higher again near mid-session on Thursday even though the Industrials are lower. The chart looks positive and the daily OBV is rising strongly. The 38.2% retracement resistance at 343 is the next upside target as the 23.6% resistance has been overcome.

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