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Tuesday, February 7, 2012

$INDU $SPX $SPY $ES_F: Dow Jones theory says: "Bad news for bulls"

chart 1

Chart 1 shows a new high in the Dow Jones Industrial but chart 2 shows that Dow Jones Transport hasn't reach a new high. Dow Jones theory says that if one of the indexes reach a new high and the other not, then there is not a confirmation por bull rally. In this case,maybe, we have a rally in a bear market.

 chart 2

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