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[hiker]

http://stockcharts.com/h-sc/ui?s=$IND...amp;a=180908689

Dec 15

the use of Dow Theory for trading signals requires the use of daily closes,
so the attached chart displays daily closes:

* the advance in the Transports is now testing:

1. the July-Aug 2006 daily close lows

2. the January 2008 daily close lows

* the question a trader must now ask about the Transports is whether
now failed horizontal support levels, important in at least two prior support tests and in one prior failure (2008),
will represent major horizontal resistance for the current advance of the Transports

chart can be viewed here for those w/out a sub to SC -

http://forums.techni...post?id=4052491