cancel
Showing results for 
Search instead for 
Did you mean: 
hardnox604008
Advisor

Any Dow Theory experts?

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=DJTA&sid=1644

 

Actually, I don't believe technicals are particularly relevant in a massively manipulated market but old habits die hard.

 

My question is, until very recently the last bit of tech evidience that bears could point to was a strong dow theory non-confrimation- the transports didn't make new highs as the industrials did.

 

Not surprisingly, the trannies surged to a new high on the final capitulation. Now you have the trannies leading to the downside (don't think $220 crude is good for airlines et al).

 

Question is, where do you call a confimration non-confirmation?

 

 

0 Kudos
1 Reply
nwobcw
Advisor

Re: Any Dow Theory experts?

   With all the unrest in the world do charts work in today's world?  The trucking index just reached a 2 year high.  Fuel has to affect them too.  From what I've heard the airlines have hedged fuel quite a ways out.

0 Kudos