View Full Version : $TRAN forming INVERSE H&S pattern? Chart Guru What do you think?
john_for_u80
03-30-2008, 05:28 PM
http://stockcharts.com/charts/gallery.html?%24TRAN
aiki14
03-30-2008, 05:48 PM
Just in case anybody uses other platforms $DJT may help. That's the ticker for the Dow Jones Transports on Thompson, and I believe E*trade.
I won't comment on the T/A til Frank does, but the Transports are considered by many to be a confirming indicator of the broader indices (Dow Theory).
The Dow Jones Transportation Average (DJTA) is the most widely recognized gauge of the transportation sector. It is also the oldest index used today, even older than its more famous brother, the Dow Jones Industrials (DJIA). The Transportation Average was the first stock index developed by Charles Dow in 1884. At inception, the index held only nine stocks (all railroads). In 1896 it was modified to include 20 “active” stocks, including 18 railroads. (As you can probably guess, automotive and airline stocks were not added to the index until much later.) The index is often referred to simply as the Dow Jones Transports.
john_for_u80
03-30-2008, 05:58 PM
Just in case anybody uses other platforms $DJT may help. That's the ticker for the Dow Jones Transports on Thompson, and I believe E*trade.
I won't comment on the T/A til Frank does, but the Transports are considered by many to be a confirming indicator of the broader indices (Dow Theory).
The Dow Jones Transportation Average (DJTA) is the most widely recognized gauge of the transportation sector. It is also the oldest index used today, even older than its more famous brother, the Dow Jones Industrials (DJIA). The Transportation Average was the first stock index developed by Charles Dow in 1884. At inception, the index held only nine stocks (all railroads). In 1896 it was modified to include 20 “active” stocks, including 18 railroads. (As you can probably guess, automotive and airline stocks were not added to the index until much later.) The index is often referred to simply as the Dow Jones Transports.
Thanks. Can you please give a list of stocks which moves along with this index? I am not able to find the list from TD ameritrade.
BuyOnDips
03-30-2008, 06:06 PM
http://finance.yahoo.com/q/cp?s=%5EDJT
http://www.money-zine.com/Investing/Stocks/Dow-Jones-Transportation/
Out of all the averages YTD, the Dow Transport has done the best in this terrible market.
http://money.cnn.com/data/markets/dowtrans/
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