5 years ago
Thursday, September 23, 2010
Update
Interestingly on a short term basis, the SPY and the DIA appear to want to bump higher, the NASDAQ appears to want to collapse-I did say that the NASDAQ led the advance and was likely to lead the decline. Bump higher means intraday, perhaps setting up a closing sell-off?
3 comments:
looks like the transports are starting to fall off a cliff
That'a always good-Dow Theory very logically has concluded for nearly 100 years-more like 80, that any move in the DOW up without the transports is to be viewed with extreme skepticism. The reason is common sense, if the transports are not doing well, they are not delivering the Dow-30 components products.
There she goes!!!
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