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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (72624)	5/5/2003 10:58:11 AM
From: Paul Shread	Read Replies (2) of 209892

Dow Theory update (not a bad place to post it since R.N. Elliott allegedly based much of his work on it). The Trannies are currently trading at the top of the 9-month trading range (2470), while the Dow is well under that level (9042-9077). In the 1929-1932 bear, there were two double-bottom breakouts in the Dow, in 1930 and 1932, but each time the Trannies did not confirm. sharelynx.net sharelynx.net There were no false Dow Theory signals given in 1929-1932, as far as I can tell. The Theory would have had you out at around 320 in late 1929, and back in at about 80 in mid-1933. Not a bad performance.

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