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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.00+0.2%Nov 11 4:00 PM EST
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To: Ms. Baby Boomer who wrote (71844)6/10/2015 12:43:20 PM
From: Kirk ©1 Recommendation  Read Replies (1) of 218677
 
What would Dow theory say if you replaced the transportation index with FDX?
Although the cheerleaders will try to dismiss IT, Moi is believer in DOW Theory....

Remember, transports are getting bashed due to low oil prices lowering demand for rail cars.

Back in the late 1990s (1998 when I put it in my Explore Portfolio) when "everyone" was touting no revenue, no profit internet companies, I said the stock I bought to profit from the internet trend was FedEx... (The other four were LRCX, AMAT, C and UTEK)

FDX is giving a very, very clear message that I've found a TON more valuable than ancient DOW theory since 1998...

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