[$INDU, Daily] Dow Jones Industrial Index
Way back in the time before computers, technicians had an old saw that went something like, "The Dow is the last to top."
Last week, there was passing mention on CNBC that the Dow Industrials had made a new high, while the other major indices did not. They also mentioned that the Dow Transports were confirming. Somehow they left out the part where they were supposed to notify the public that the Dow alone made the new high, so that means there is a "divergence" of sorts, just like in the good old days.
03.08.04 09:19 #