Friday, April 1, 2011

Tranny in a Rev Sym-Tri

Transports are in a weekly Reverse Symmetrical Triangle... bearish (reversal) by classic TA standards as this is theoretically the opposite of a Sym-Tri (continuation).  But I have seen to many of these things fail to resolve bearishly of late.  It's pretty cool how the top and bottom triangle lines correspond with strong resistance and strong support, respectively.

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