The Dow Jones Transportation Index …

TweetThe Dow Jones Transportation Index … Is it all about trust now? The Market had a big up day yesterday, and the Dow Jones Transportation Index closed above its resistance line. Everything looks like roses?    What about the fact that we did not even have the election yet and no one knows what will happen […]

A critical test for the Dow Jones Transportation Index ..

TweetThe Dow Jones Transportation Index … I will show the current Dow Jones Transportation index again due to its importance to the Dow Theory. The issue is that the Transportation index has not been able to make it past a critical resistance level yet. The index should retest that level again.  That is the current […]

The Dow Jones Transportation Index …

TweetThe Dow Jones Transportation Index … Last week we showed the Dow Jones Transportation Index chart and commented that a big test day was in play against a very important resistance line. Well, a week has gone by and the Transports still have not broken its upper resistance line yet. That is the current test […]

A really good time to keep an eye on the Transportation Index

TweetNow is a really good time to keep an eye on the Transportation Index along with all the Dow Theorists. The Dow Transport’s chart is below and last Thursday’s and Friday’s ticks were lower than last Wednesday’s tick. ___________________________________________

Nervous because the DJT Index has fallen below it’s trading range?

TweetNot much room for wiggling … Many investors are getting very nervous because the Dow Jones Transportation Index has fallen below it’s trading range. Is there anything that says it is not yet a horrible condition yet? Actually there is, and you can see it when you look at the 50 day and 200 day […]

The Predicament for the Federal Reserve …

TweetThe long term DJI picture is really worth updating today.   Below are two DJI charts going back to 1927 … one is a simple yearly tick chart and the other is a semi-log tick chart. When looking at both charts, note that the current level is at the top of an expanding wedge pattern which […]

Today’s pattern is often called a Megaphone Pattern

TweetToday’s pattern is often called a Megaphone Pattern and it is showing up on this 35 year chart of the DOW. I won’t get into the definition of the pattern, but instead I will invite you to explore it a little buy looking up the pattern on Google.                             ________________________________________________________  

Can the Fed beat this “Expanding Wedge” pattern?

TweetCan the Fed beat this “Expanding Wedge” pattern? If it wasn’t for the Fed, this DJI chart would already in big trouble.  While the yearly DJI chart does show its first 2014 tick as being inside the expanding wedge pattern, a lot of money is being pumped in to try and get the DJI back […]

what this 19 year chart of the DOW is saying

TweetThis morning I will show you a chart of the DJI and I won’t make any comments about it because it speaks for itself. If you don’t get what this 19 year chart of the DOW is saying, do a search on “expanding wedge technical analysis”. Some like testing the limits on patterns, but the […]