Benji
Long

IYT Head and Shoulders

AMEX:IYT   ISHARES TRANSPORTATION AVERAGEETF
34 0 5
IYT             , the Transportation Average ETF is forming a 24 week head and shoulders bottom.

I am eyeing the 144.70 area for an entry and wait on the close above this level to ensure above the previous resistance of the neckline.

163.1 is a long term target, but most likely will be relying on my management techniques with this trade the most.
Trade active: Cleared entry, will monitor the candle for EOD close. I'm flat this position right now because the liquidity is downright terrible.
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