Dow Theory Update For April 11: Stocks Extend Losses
Seeking Alpha Analyst Since 2012
Co-Editor of the top-ranked investment Letter thedowtheory.com
Investor and Trader As an investor I'm deeply influenced by Dow Theory, especially by the book "The Dow Theory for the 21st Century". I focus on the primary trend (1-2 years). My trading is short-term based (avg trade duration 4-5 days).
In addition to US stock indexes, I have successfully expanded the application of the Dow Theory to precious metals, their miners, and US interest rates. The Dow Theory is a more accurate timing device that moving averages, breakout systems, etc.
Precious metals decline modestly.
Today was another day when, in spite of all the hype, nothing relevant under the Dow Theory has happened. Primary and secondary trends for all the markets I monitor remain unchanged.
So I will stop here. For more info concerning the current trends, you can go to this post:
http://www.dowtheoryinvestment.com/2014/04/dow-theory-update-for-april-9-stocks.html
Sincerely,
The Dow Theorist