Both the Dow Jones Industrial Average and the Dow Jones Transports Average are hitting all-time highs, giving a clear buy signal in Dow Theory. The Dow Jones Transports confirmed a break-out this week too. And then there's the DJIA which confirms... Dow Theory is telling us that this Bull market still has very strong legs.
Zero substance? There's a reason it has been around for 115 years and is still one of the most widely followed indicators on the planet. It signaled a downturn at the end of 1999, just months before the March 2000 crash. It also gave a buy signal in April of 2009 at the start of the current 8 year bull market run. I strongly disagree with your "zero substance" comment but each to their own.
Dow Theory = granddaddy of all methods It used to have just 2 horses, now with S&P there are 3. The Nasdaq, no slouch either asked the 3 of them if they brought a horse for him? Trannie replied, "looks like we are shy one horse" Nas shakes his head and says to 'em, "you brought two too many" S&P has watched in agony over the years that all turns were heralded first by a turn in Nasdaq/S&P ratio.
%% Good points STL,; but maybe DeltaRisk meant some thing like IBD, which does not really like the idea of WSJ picking 30 stocks for the market....... LOL. I tend to trade DOW transports goose egg%,[zero] but good principles, even after 115 years..................................................................
http://www.marketwatch.com/story/th...indicator-sends-a-fresh-buy-signal-2017-07-05 America must be very healthy - there is no better way to measure her health than by the stock prices of her pharmaceutical companies
[Great quote ...QUOTE="Joe_D, post: 4486847, member: 500027"]http://www.marketwatch.com/story/th...indicator-sends-a-fresh-buy-signal-2017-07-05 America must be very healthy - there is no better way to measure her health than by the stock prices......[/QUOTE] %% Great quote Mr Joe, i agree with that part; NO way would i consider 30 stocks + transports or a sector a good measure of USa health LOL. IBD some times does NOT even put a DOW chart on its main chart full page ''Whats the Market Trend'' page. S& P 500 , NasdaQQQ, IBD Newspaper/website. Even though billion$ , no doubt have been made off DOW/DOW Theory; S&P 500 //SPY is the main benchmark + Nasdaqq is more help to me than DOW. Like IBD [investors Business Daily ]notes; Dow [30 stocks] is easier to manipulate. Thanks
I just think that a bull market that has proven itself for more than 8 years now, backed by an indicator that's been used for 115 years, has a bit more weighting than some guy posting conspiracy theories over the Internet about the market all being fake and manipulated, I know, f*** me right?
%% Actually not only do i see your points , MerSTLance,; i mostly agree, did you see my comment on 'billions made= billions of dollar$ made [on Dow theory ''?? I like XOM+ CVX.....= Dow stocks.................................................................. Thanks; STLance . By the way its easier to bring down 30 stocks than 500[ simple math]; which is another reason S& P 5oo is the main institutional benchmark. NOT a stock tip. I use DOW theory , but with S&P 500/SPY................................................................Thanks for DOW theory post+ congrats on your use of it; i use it, 2
Primary uptrend continues as per Dow Theory Is it possible to get a signal of trend reversal way before Dow Theorists? That's what I'm working on? first alert: Transports break an uptrend line July 19. If Transports < 9256.07 = first red light. 2nd alert: Nasdaq/S&P has a huge momentum break No call yet, Dow Theory up continues nicely