Dow and trannies red alert for many

Morn all , I reckon there are a few red alerts on on indices at present .
Dow formed a small red doji week and the trannies failed to make new YEARLY highs where as ndx, dow ,compq and spx did .

For those who want to look further into the dow theory it could be an ominous sign although worth noting I haven't looked at the theory for a long time and could be wrong.

There are many examples of dow forming a small red weekly dojis in the middle chart at new highs , 13661 , Feb 2012 , 15542,16588 etc and they are often followed by a 2nd red week which is the sell signal especially given the trannies failing to make new highs . A pull back to a the ma's could be in order or as per some of the prev patterns a multi week approx 4-5 of consolidation .
http://stockcharts.com/freecharts/gallery.html?$indu
versus tran or tranq
http://stockcharts.com/freecharts/gallery.html?$tran
http://stockcharts.com/freecharts/gallery.html?$tranq

At a minimum it is time insure longs on stocks and I also note March is a tricky month.

cheers g