Transports working on breakout, after being hit very hard!
When it comes to getting hit hard, the Dow Jones Transportation Index fits the bill over the past year. Few if any major indices have fallen harder, over the past 12-months.
Below looks at the DJ Transportation Index/S&P 500 ratio over the past decade. The ratio reflects that over the past year, the index has …
Source: http://blog.kimblechartingsolutions.com/2016/02/transports-working-on-breakout-after-being-hit-very-hard/
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Oh my, Joe Friday realizes buying at support doesn’t work well … so now he’s switching to breakouts! Good idea!