Thursday, October 30, 2014

Transports puts in an OUTSIDE DOWN KEY REVERSAL Day @ New Highs.

$TRAN Daily Chart @ Close 10/29/2014
Whilst the Dow Transports scores a new Record High; the Industrial Average remains a couple of percent shy of its.
The Outside Down Day for the Trannies commands respect as this index has been a reliable coincident indicator for the 2011- 14 Rally.
Previous such Days (Outside Down) have been both prescient & rewarding for those willing to follow their 'signal'.
Same again this time?