11 replies to this topic

[da_cheif]

Several instances can be seen on the long chart - of the dow transports and dow industrials compared - where the transports peaked first, the dot com era bull market being the most dramatic. The evidence is clearly there, I don't understand how anyone can deny it.

The most recent action as can be seen better on the shorter time frame chart shows the transports are now lagging the industrials so based on theory the industrials should peak soon. The transports should finish their lagging rally by November 5th +/-day.

Read the link I gave. That's not how Dow Theory works...although you can always come up with your own. I just have to remind you that DT has been in use for over 100 years, so you're going to have to do a lot more research than what that chart shows..

Read the link...it's not a bad system at all for LT timing.

D

in use????...by who....-g-

[milbank]

The Dow Theory is just common sense. The only thing that is still a mystery as it was when Dow wrote his editorials in the WSJ that later became known as the Dow Theory is...

How do you know when for sure when the trend has changed?

As Russ said, the DJT is a good indicator but, how long does it take for the DJI to go with it?

That's why I prefer very short term stock price focused trading and leaving my long term stuff alone in mutual funds.

I forgot. I do know how to tell when the trend changes...

When they do a cover story about the bull market in Time Magazine!