%%Primary uptrend continues as per Dow Theory
Is it possible to get a signal of trend reversal way before Dow Theorists? That's what I'm working on?
first alert: Transports break an uptrend line July 19. If Transports < 9256.07 = first red light.
2nd alert: Nasdaq/S&P has a huge momentum break
No call yet, Dow Theory up continues nicely
Sure is possible to get a signal sooner;
, momentum, fast sto gives much quicker signal ..... But you get so much noise/false/unprofitable signals , i seldom look @ all that. Did get a ''sell in May signal '', thru 50 day moving average , but no follow thru. Momentum could be helpful, if one likes to get out of trend many months early- i dont, so, i seldom study momo......
As far as 30..... stocks picked by WSJ or 30 stocks picked by anyone to represent the US market ; no thanks, that maybe made a little more sense in 1882+ ??. I like IBD[ Investors Business Daily/investors.com] more anyway LOL. But Dow Theory has plenty of good practical points...................................................................................................................
