In your opinion, what does this blog need more of?

Tuesday, February 18, 2014

Dow transports not confirming

Since I'm more interested in the capex cycle play, I've been owning NDX for my US exposure:

Looks fine, no?

Well, the transports don't:

Thankfully I bought my HQU at close enough to the last bottom that I don't have to freak out on one day of action and can hold my position with a mental stop in mind.

Caveat: there might be some other reason that transports look bad that don't have anything at all to do with Dow Theory.

1 comment: