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Finding Support?

Thread starter JTH
Start date Sep 30, 2009

Sep 30, 2009

For the Dow Jones Transportation Average.

The bad news: 4 closes under the 20 SMA, and 2 closes under the second of the two green trendlines.

The good news: We pushed prices down close to the 50 SMA and couldn't hold this level. Based on the two previous swing highs in the yellow box, we may be able to find support here.

Cheers... JTH

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