wednesday - bio's confirmed shorting, page-2

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 ??