Monday, June 16, 2008

$TRAN Megaphone RST

$TRAN weekly and daily price patterns show bearish Megaphone RST formation after meeting the target of 5535 (iHub 8800 post 8287 5/19/2008) from breakout 4800 (post 6671 3/19/2008). Before the recent pull back from the 5535 top, it was showing negative divergences; and now, daily price actions show a completion of bearish RST (a-b-c-d-e) trading near at 5200 +/-. The weekly RST shows RST(A-B-C-D) and is now forming wave E.

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