Auguraltrader

DJ Transport (Dow Theory) says GG

Short
NYSE:DMT   DOW JONES TRANSPORTATION AVERAGE
Good Game... the DJ Transportation Index has broken down the up trend line. Sell signal on the ATIS system should be out soon. And MACD is crossing down into the bear territory. The BMT had already given way in early October.

According to the Dow Theory, the DJ Transports is a leading indicator and well, expect the rest of the market indices to follow.

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