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transports and the dow


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#1 gannman

gannman

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Posted 14 May 2016 - 08:32 PM

the transports imo entered a bear market in late feb 2015. they did 5 waves down into jan/feb 2016

 

during that time period the dow imo was topping in its last wave up and had no real upside progress from feb 2015 but a lot of volatility

 

the transports did a .62 retrace into late april 2016. 

 

i believe we have now enter a wave 3 down on the transports and the dow is entering its first leg down of its own bear market fwiw 

 

so both sectors will be in sync to the downside. just my take fwiw


feeling mellow with the yellow metal