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Thursday, November 15, 2012

Watch Out For The TRANny


The Dow Jones Transportation Average (TRAN) closed down -2.55% today which is its largest one day drop since May 17, 2012 when it closed  -3.1%.
The move in the TRAN sets the market up for a flush, that may create an over-sold, trading bottom.
Transports and other cyclicals poised to lead the last leg down, prior to a trading bottom

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