The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: westpacific	8/2/2006 6:00:49 AM
	of 110194

Utilities - 438.74 all time historic high, 438.21 yesterday............ 4 days in a row they are testing to break this high! When they do it will signal a rally in the DOW. Transports breaking down, target 3800. Dow Theory, major divergence. If we get a new high in the Utilites they should top around 468 which could then mark the top in the DOW - which could see 11960, a new high also. Also of note is that the Transports put in an all time historic at 5013.67 this year as well and have since topped out. Transports - triple top breakout at 3750ish, uptrend channel breakdown 2500/2700 area. So at yesterdays close of 4295 it is very hard to be bearish this market near term. (at least a month our for now). I will watch this, you should too. West

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