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  • How Now, Charles Dow? [View article]
    The DJT has a break out above it's 200 day moving average, but I find that inconclusive for the dow theory when matching up with DJI.

    Everyone knows the cost of fuel has increased, making trucking very expensive compared with rail, and the index follows the rails. So, how reliable can a theory be that relies on such a distorted indicator? The rails are truly important for measuring industrial activity, but to compare it with current trends does not seem reliable. Please give me your thoughts.
    Apr 08 21:32 pm |Rating: 0 0
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