Saturday, September 29, 2012
Monday, September 24, 2012
This chart above is how Stockcharts explains the Dow Theory. The chart below is several charts of Tran/Indu and several bare charts to help get a view. If you wait for the Dow Theory you will leave a lot on the table.
The common wisdom is if the transports go down the market will follow. Going back to 1999 I find that a little hard to prove. I'm open to suggestion because I maybe looking at this chart wrong but there are times the trans seem to have no effect on Spx. I draw a few lines to help line up the Trans with the Spx on the bottom.
Posted by Jerry at 11:36 PM
Sunday, September 23, 2012
1500 Resistance 1430 Support Spx. Till some thing happens I guess these are the cards.
My 40 TDH hopefully came last week and we can correct. First down Friday in 8 weeks.
I'm still overbought. Can the Transports lead us down yet again, or will energy tumble.
Click chart to enlarge.
Posted by Jerry at 9:56 PM