Waiting for Dow Theory Stock Market Sell Signal
Stock-Markets / Dow Theory Aug 21, 2015 - 03:20 PM GMTMost analysts don't understand where the last secondary correction occurred. They assume that the averages need to drop below the Oct Low to produce a Dow Theory bearish trend change.
Actually the last secondary correction bottomed in July. The industrials have already broken those lows and if the transports also break below that level it will generate a Dow Theory sell signal.
Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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