This company reported earnings yesterday and the company met the estimates and today we get a daily hammer, inside month, hammer and up, and outside week. I truly believe that CSX Corp has opportunity to grow this company along with Rails company as long they have coal but, into the Trucking business merger with Swift Transport $swft or Ryder Systems $R or even...
The pink line on CSX is just the wave rotation I wanted. I didn't specifically expect CSX to trade sideways and bounce in May. I just wanted to wait FOR the bounce before being bullish.
This put sale is at a nice support long term.
This week I am watching CSX Corporation $CSX This is a another view within the Transports, And this just a rolling hill to the downside. I am also interesting in CSX and Canadian Pacific $CP talk but the stock of CSX hates it. Anyway, Both of these companies has dividends which they are not much as a shareholders. I think it is a buy for the dividend play.
I rarely witness this much of precision. The market is exactly at the intersection point of the bearish TL and the upsloping ML. We would short it without a second thought, and our S/L base point would be the high of the day.
