You hear people talk about Dow Theory all the time don’t you?
What you might not know is that there’s a lot more to Dow Theory than you think.
In fact, that whole DJ Industrials & Transports confirming or diverging from one another is not even in my top 5 most important Dow Theory Tenets.
You can read about what’s actually important about Dow Theory here. Give it a read and then let me know what you think.
Today, if you don’t mind, I’d rather focus on Dow Reality.
I see two very similar scenarios here between the DJ Industrial Average and the DJ Transportation Average.
Let’s start with Papa Dow: The Industrials. [Read more…]