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To: JEB who wrote (2602)8/29/1998 8:44:00 PM
From: James Strauss  Read Replies (1) | Respond to of 119973
 
JEB:

Good point about Dow theory...

I'm a strong believer that the Transports lead the markets... If the companies that move our goods and people are doing well the markets do well... If these companies start missing their earnings numbers it is reflective of a general weakness in the economy... The Transportation Average has been below its 200 day MA since July... A leading indicator of what was to come in the overall market... When it turns up, the market will eventually follow...

Jim