The Dow Jones Transportation Average has failed to print a new high above the previous high made in 2015. Given the Dow has made a new high, a Dow Theory non-confirmation remains in effect.
What Is Dow Theory Telling Us Now?
May 13, 2014 by Leave a Comment
Positive Message For Manufacturing Stock prices have a high correlation to economic activity and earnings. History tells us bear markets are often kicked-off by recessions. The head of one of the nation’s closely watched manufacturing indexes says a recession does not appear to be imminent. From ThomasNet News: In a one-on-one interview with ThomasNet News […]
Happy 160th Birthday, Charles Dow
November 1, 2011 by 1 Comment
How Do You Get from Dow Theory to Elliott Wave Analysis? If you are interested in Elliott wave analysis, odds are that you have also heard of Dow Theory, whose best and longest-lived proponent is Richard Russell. (Best wishes to Richard as he recovers his health.) This excerpt from Prechter’s Perspective explains how Elliott wave […]
