Transports hit new all time high!!!!!!!!

M

myminitrading

The news media will be all over this telling everyone the bull market is roaring buy buy buy. Just 25 more points it will happen today!

Front page article over the weekend TRANSPORTS CONFIRM BULL MARKET BUY BUY BUY
 
........maybe you could expand on HOW the trannies actually confirms (a) bull phase.......if the transports retraces 100 points next week (without an outside down week signal or similar key technical note) then does that imply that the bull phase is complete? ......does the transport HAVE to be making a new altime high to confirm the (Dow) theory........exactly when does the transports NOT confirm? or when does the transport display a divergence......what level/number?

your explanation is worth the wait........thanks

J
 
Quote from Gaucho MM1:

........maybe you could expand on HOW the trannies actually confirms (a) bull phase.......if the transports retraces 100 points next week (without an outside down week signal or similar key technical note) then does that imply that the bull phase is complete? ......does the transport HAVE to be making a new altime high to confirm the (Dow) theory........exactly when does the transports NOT confirm? or when does the transport display a divergence......what level/number?

your explanation is worth the wait........thanks

J
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You are worrying to much, just know that it will make a new high guaranteed, now get out their and buy buy buy quit analyzing everything you will never make any money.

The SP500 WILL MAKE AN ALL TIME HIGH NEXT MONTH MAYBE THIS MONTH, ITS 100 POINTS AWAY DO YOU THINK THEY ARE GOING TO STOP NOW
 
quiz question: how do you start a new bull market when we've been in the second longest bull market of all time almost hitting 4 1/2 years now and to boot without a 2% 1 day correction in 4 years? answer: watch and learn
 
Quote from myminitrading:

You are worrying to much, just know that it will make a new high guaranteed, now get out their and buy buy buy quit analyzing everything you will never make any money.

The SP500 WILL MAKE AN ALL TIME HIGH NEXT MONTH MAYBE THIS MONTH, ITS 100 POINTS AWAY DO YOU THINK THEY ARE GOING TO STOP NOW
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:p .........nice ramp.......and the questions are to see how much you know versus how much you freak-out.......answered.....thanks.........:D
 
thanks for the reminder, I had IYT last friday at 84.15, sold it for no profit, today nearing 90+ in just 5 days, the index is up over 5% in just 4 days. Simply amazing. And yes once the transports break to new highs expect the talking heads to say now is the time to buy, the transporst are a leading indicator of the overall market.
 
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