Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (364819)	4/8/2008 10:22:51 AM
From: Real Man	Respond to of 436258

Valuations and credit cycle don't seem to favor investing in these markets. Russell technically follows the DOW theory. It has been wrong at times, and non-confirmations in general is a sign to be careful. Nasdaq stocks were held 3 days on average in October, so these markets must be full of investors -ggg-

To: carranza2 who wrote (364819)	4/8/2008 12:08:08 PM
From: Real Man	Read Replies (1) \| Respond to 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-