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 … Continue reading Debonair Men in Well Appointed Offices, at Attention!
Do you remember when some Dow Theorists were admonishing us about the Transports’ bearish divergence to the stock market? Well, 6 weeks ago in NFTRH 415 we noted this chart and how a similar divergence resolved bullish in 2012 and also how the Tranny itself had a bullish pattern (chart from Yardeni.com). Dow Theory (at least as interpreted by bearish prognosticators in recent months) has … Continue reading NFTRH+ Transports Trade Working Well