Archive for the ‘Dow Theory’ Category
Dow Breaks November Lows; Triggers Fresh Dow Theory Sell Signal
Thursday, February 19, 2009 22:03 5 CommentsThe Dow Jones Industrial Average breached its November low, closing below 7500 for the first time since October 2002.
In only 18 months, the index has given back all of the gains achieved over the previous 5 years.
The chart below shows the index taking out the 2002 lows, but keep in mind that this is a [...]
Stock Market Showing Major Weakness
Sunday, January 7, 2007 16:48 1 CommentCharting Stocks Weekly Update
Negative divergence has been present in the major average for the past couple of months. Meaning that while the price action of the major averages have been moving higher, some of their respective indicators have been moving in the opposite direction (lower). In a true uptrend, you’d like to see [...]





















