precarious wednesday, page-14

Yes thank you RB - back just now.

Transports weekly. Index was looking sick at the start of last week but has staged a recovery of sorts and is hanging in there. Troubling that Fedex issued a profit warning or lowed forward guidance or something like that early last week.

Support here continues to come in high up in the range from the 09 low but we're way off new highs like the other majors.

I've not got much of a handle on Dow Theory but this is sending a strong warning here - but it has been like this for a while. Is this the new paradigm?