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RESISTANCE LINE  |  December 2, 2009
With The Transports, Resistance In Multiple Time Frames
As the spotlight focuses on the Dow Jones industrials making new highs above 10,000, the transports have underperformed as they continue to sidestep, remaining range bound. The transports are colliding with overhead resistance on the daily chart, while simultaneously crashing into its declining primary trendline on the weekly chart. Can the transports overcome resistance in multiple time frames?

by Ron Walker

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