$TRAN Fractal Formation

~~ $TRAN fractal formation ~~ Double Peak Apr 98 and May 99 vs Jun 07 and May 08

Based on the $TRAN LT fractal formation analysis, Apr 1998-May 1999 double top is relative peak of May 2001.

~~$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 now is forming wave E.

http://trend-signals.blogspot.com/2008/06/tran-megaphone-rst.html