Thursday, September 13, 2012
The Trains and Trucks had better start pulling their weight
Dow Theory aficionados are no doubt stressing over the failure of the Transports to break above their May 2nd highs in sympathy with the Industrials. Although this is not a great timing indicator, Dow Theory certainly has a great track record of expressing the primary trend of the market. Keeps your eyes on the trucks and trains!!!!!