cyclingscholar

Dow Theory Sell Signal?

Good article. Don't forget that one tenet of Dow Theory is that "LINES" can substitute for secondary reactions. Do you think the May-June sideways movement (it looked like a H&S in many charts) in the dow and transports might constitute such a line?

Scary though. If there has been no secondary reaction yet, then this entire move still constitutes a rally in a bear market. So die hard Dow theorists have been 100% cash thru this entire rally. Loyalty has its price.....:)