What has been disturbing me is the absolute negative divergence between the DJIA and its transports division, the dow jones transportation average.
The DJIA is in a bear channel, higher highs, higher lows...while the transports are potentially the opposite, refusing sturrbornly to confirm those highs.
Last night the divergence really widened, with the transports down 2% while the DJIA showed only a modest fall.
mitta's - positioning for a bang thursday, page-20
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Last
8,300.2 |
Change
15.000(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,285.2 | 8,317.7 | 8,244.3 |
| XJO (ASX) Chart |