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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: carranza2 who wrote (364819)4/8/2008 12:08:08 PM
From: Real Man  Read Replies (1) of 436258
 
finance.yahoo.com
Here is the chart of industrials vs transports. While
industrials made a lower low in March, transports didn't.
This is a non-confirmation for the dow theory - time to
be careful, January highs were not exceeded by the DOW
either, so there does not seem to be a DOW theory buy signal.
Although most market bottoms follow Dow theory non-
confirmation, not all non-confirmations result in a market
bottom -g- We have a non-confirmation to the upside as well,
for now. Those just need to resolve themselves, and one
way to resolve those is to the downside. -g-
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