received free this morning
----- Original Message -----
Sent: Friday, April 24, 2009 8:43 AM
Subject: StockTiming: This Index's "Double Test" has arrived
...
April 24th. Update on the Major resistance facing the
Transportation Index ...
It was exactly a week ago that we pointed out the upcoming
"double test" on the Transportation Index.
It has taken a whole week for the index to test its "double
resistance" levels.
Yesterday, the Transportation index closed just below the long
term resistance line.
The test is now in full force as the Transportation
stocks have to decide to plow above the resistance or fail to the downside.
If the Transports fail to trend above these resistance lines,
then that will be a problem for the current rally to
face. Click on the link below for the updated chart.
Please click this link to go to today's
stock market update: http://www.stocktiming.com/Friday-DailyMarketUpdate.htm
(If
you are having trouble with the link, copy and paste it in your
browser.)
Regards, Marty
Chenard StockTiming.com 80 Botany Drive Asheville, NC
28805 Tel: 828-296-1200
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