The Dow Jones Transportation Average (TRAN) drops over 8% today and 12% for the week. This is the first signal of the recession that the economist have promised us. Continue reading
Charts Finally Show Upcoming Recession
October 2nd, 2008 6 Comments
Tags: Growth Stocks · Market Cycles · Russell 2000 Smallcaps · Transports · Value Line Arithmetic Index (VLE)
CHK Gives Back Entire Breakout Move
October 2nd, 2008 No Comments
Chesapeake Energy (CHK) has given up the all the gains of the breakout from the Oct05-Feb08 move. Price looks to me as if it will hit the upper right hand connect of the box which is at the Oct05 high. Continue reading