Time for the smoking jacket and ascot wearing, pipe smoking, cognac drinking men in their well appointed cherry wood offices (AKA the mature gentlemen known as Dow Theorists) to take note. So says this divergence by the Dow Transports to the DJIA, anyway.
Personally, I think it’s an indicator as old fashioned as the dignified men (Playboy magazines tucked away in the bottom drawer between various trade journals) who analyze it. But there it is anyway.
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