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Dow Transports

15 Jul 2015 ‚óŹ 04:34 AM

The Transports index was leading a large part of the recent decline in the US market indicating that all is not well. Each sell off is an impulse bu a smaller and smaller one that has now morphed into a leading diagonal [wave A], bouncing back in wave B it can go up to the point from where wave iv formed. So near term there is more upside before wave C down can start.

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