Dow Theory: Time to Sell?
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Description:
The Dow Jones Industrial Average fell below its November 20 closing low today and hitting a level it has not seen since October 2002. At the same time the Dow Jones Transportation Average also hit its lowest level since 2003.
Highlights:
The significance of this concurrence, will put more downward pressure on the markets in the days ahead. Dow Theory, which is one of the oldest technical market timing systems, dictates that this coincidence is a selling trigger....
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