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The Elliott Wave Commentary
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Transports hitting all−time highs
Mon, May 19 2008, 10:17 GMT
by Joseph Russo
Before we begin our look at the roaring Transportation average, we would like to return your attention to our previous week’s article entitled “Spring-Break”. Last week’s piece did a fine job of calling a precise short–term tradable low in the Dow.
Below we re-present the chart from last week’s article.
Within that article, previous guidance suggested, “For select traders, proprietary criteria also provided another exit or potentially early reversal signal near the close at 12734.” The follow-up chart illustrates how the reversal signal turned out to be a rather precise one, and by no means early.
Published on Mon, May 19 2008, 10:57 GMT
Archive
- Definitive Guide to Trading
Published On Mon, Sep 15 2008, 08:47 GMT - Strategic Command and Control
Published On Mon, Jun 2 2008, 07:24 GMT - Playing the NDX like a fiddle
Published On Mon, May 26 2008, 10:48 GMT - Transports hitting all-time highs
Published On Mon, May 19 2008, 10:17 GMT - Spring break-down
Published On Mon, May 12 2008, 10:47 GMT
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