Monday, May 19, 2008

Transportation Index Hits Price Objective



Today the transportation index hit my upside objective that I've been patiently waiting for since I first wrote about this index back on April 1st.

I exited my long positions this morning into today's up move when the index hit the 5500 area.

Below is a 5 minute chart of the Transportation index which shows the violent reversal this index had in the afternoon.

3 comments:

Anonymous said...

way to go kevin

kk said...

Kevin,

Is it going to go down from now on?
What's the target?
Thanks in advance!

Narayana said...

Well done Kevin. I admire your patience!

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