Morning BIO, and just looking a little further beyond those things you have mentioned.
1. NASDAQ last night confirmed a downtrend. The ol' Nasdaq had been going great guns since March. It put in a lower high last week but last night was the first lower low.
2. Transports (DJTA) still undecided. It has formed a symmetrical triangle. But looking at the DJIA, SPX, NASDAQ and SPX one does not require a Phd in astro physics to work out which way it will break. But strictly speaking DOW theory tells us we remain in an uptrend until transports confirm a down trend.
Is there anyone who still uses Dow theory ??
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |