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InvisibleLunarEclipse
Enlil's Official Story
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Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Dow Theory and The DJ Transport Index
    #21819801 - 06/17/15 05:02 PM (8 years, 7 months ago)

According to Dow Theory, the DJ Transports are THE LEADERS of the other markets including the Dow Jones Industrials then followed by S&P and Nasdaq.  As such, the breakdown below both the 50 and 200 DMA by the transports, and drop off from there is telling us that the rest of the market will be following.

Fed Ex today reported lousy earnings.  CNBC makes the usual "strong dollar" excuse and even says "fuel surcharges" are to blame. 

It's bullcrap, shipping is falling off on land and sea.  The Baltic Dry Index has fallen to a seriously low under 600 at 591. 

Of course, the PTB can keep buying equities for as long as they can print money, and keep buying 10 year T Notes, with taxpayers money, but eventually it will be time to pay the piper.  I think his name is Peter and everybody has been following him into the woods...


--------------------
Anxiety is what you make it.


Edited by LunarEclipse (06/17/15 05:05 PM)


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