* Transports turning back toward primary trend
* Industrials not following yet
* Volume seems weak to me, doesn't confirm anything. Implies weakness of trend?
Based on this I would conclude, despite the volume issue:
* DJI correction due in a matter of a week or two amounting to a total of ~4%, following the transports down
* DJT correction to continue ultimately amounting to a total of ~5%
I don't have any real confidence in dow theory at the moment, just playing with the idea. Looking forward to pushing the play button on this later.
* Industrials not following yet
* Volume seems weak to me, doesn't confirm anything. Implies weakness of trend?
Based on this I would conclude, despite the volume issue:
* DJI correction due in a matter of a week or two amounting to a total of ~4%, following the transports down
* DJT correction to continue ultimately amounting to a total of ~5%
I don't have any real confidence in dow theory at the moment, just playing with the idea. Looking forward to pushing the play button on this later.
Nota
I didn't look at the timeline of the secondary trend carefully; I'd say the correction completes by mid December for the industrials. Might get explained as tax selling.Nota
Might be turning, both are up again. I'd wait a bit before going long.Nota
Looking pretty bearish!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.