Tuesday, September 21, 2010

Dow Theory

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According to Dow Theory, the primary trend of the stock market is “up.” That upward trend would be reconfirmed if the D-J Industrial Average ($INDU/10607.85), and the D-J Transportation Average ($TRAN/4433.66), break above their respective August 9th closing highs of 10698.75 and 4516.35. Such action would also suggest a run toward the Dow’s April 26th closing high of 11205.03.

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