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.

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