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.