Transports Overcome Resistance

12/07/2009 9:29 am EST


Thomas Aspray

, Professional Trader & Analyst

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On Friday, the Dow Transports closed above resistance that dates back to mid-September. This is a bullish sign as the transports have been a good leading indicator for the market since the March lows. It would take a sharply lower close to question the breakout. The price projections from the trading range are in the 4600 area.

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