JTH
The Top 3
by , 09-20-2009 at 03:26 PM (1091 Views)
As most of you know, I've been watching these Top 3 indexes, looking for signs of weakness within this current uptrend we've been in.
On the hourly charts, the Dow Jones Transportation Average has put in a Bearish 10/20EMA cross-under.
On the Daily charts all 3 are trading in the upper half of their Bollinger bands, but you can clearly see where on Wednesday the Transportation Average started to show weakness.
On the weekly charts all 3 put in a Bullish higher high & higher low. However, the Transportation average's MACD Histogram did fail to put in a higher high, perhaps it just needed a little breather?
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