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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: patron_anejo_por_favor who wrote (40175)10/9/2002 2:21:28 PM
From: Paul Shread  Read Replies (1) of 52237
 
I'm not aware of the importance of 52-week lows in the older writings on Dow Theory. The 1942 bottom was considered by some to be a bullish divergence because the Transports held above their 1940 low. JMHO, and I realize that Richard Russell may see it differently.

Also, bullish divergences are probably less important than confirmations, which Dow Theory places great emphasis on.
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