Theoretically Speaking

Dow Theory, which saw the Dow and the Tranny at new highs last week is looking for the Dow to follow the Tranny up and out of its Ascending Triangle;  Isn’t that how it goes?  Today’s bounce in all the degraded stuff has not fixed anything but it remains the momo leaders and the indicators vs. the crusty Dow Theorists and the still unbroken SOX (for those keeping score at home) in the bull/bear sweepstakes.

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