Transports Overcome Next Resistance

09/14/2009 9:30 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The Dow Transports were quite strong last week as they closed well above the major 50% resistance level. The next major upside targets are in the 4250 area with good support now at 3800-3850. A/D lines confirmed last week’s highs, but the major averages do look vulnerable to a pullback and a dollar rebound could help.

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