Wednesday, January 20, 2010

1/20 - TRANS Top?





I posted the top chart a while back calling a top in the trannies. It's been a while since I took a look but since then, I think the call may have been correct.

A closer look at the 60 min chart shows a 1-2, 1-2 setup with today's drop wave 3. I do have the Alt:4 in place just in case but so far it's looking pretty bearish.

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