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The Latest UPS Headlines
Bellwether UPS could signal end to bear markets
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<blockquote data-quote="cheryl" data-source="post: 397996" data-attributes="member: 1"><p><strong><a href="http://www.thestar.com/article/497789" target="_blank">Bellwether UPS could signal end to bear markets - The Star</a></strong></p><p></p><p>Our chart this week is that of the daily closes of transportation bellwether United Parcel Service, Inc. (NYSE-UPS). UPS is the preferred shipper of goods to small business and is extremely economy sensitive.</p><p></p><p>The shares of UPS peaked in mid-2006, about 12 months before the peak of the broader stock indices and effectively predicting the 2007-2008 bear in most global stock markets.</p><p></p><p>Our chart now displays a bullish cup and handle bottom formation, along with a breakout level of $66. If, over the next few weeks, UPS can move decisively into the $68 range we have an important bellwether confirming the end of the 2007-2008 bear market.</p></blockquote><p></p>
[QUOTE="cheryl, post: 397996, member: 1"] [B][URL='http://www.thestar.com/article/497789']Bellwether UPS could signal end to bear markets - The Star[/URL][/B] Our chart this week is that of the daily closes of transportation bellwether United Parcel Service, Inc. (NYSE-UPS). UPS is the preferred shipper of goods to small business and is extremely economy sensitive. The shares of UPS peaked in mid-2006, about 12 months before the peak of the broader stock indices and effectively predicting the 2007-2008 bear in most global stock markets. Our chart now displays a bullish cup and handle bottom formation, along with a breakout level of $66. If, over the next few weeks, UPS can move decisively into the $68 range we have an important bellwether confirming the end of the 2007-2008 bear market. [/QUOTE]
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