“Legendary Dow theorist Richard Russell says investors should approach the latest dow theory buy signal with trepidation.
In brief, Dow theory says that when the Dow Jones Industrial Average and the Dow Jones Transportation Average move in tandem, up or down, the rest of the market will move with it. If one is making a new high, while the other is not doing well, you should be skeptical of the durability of the rally….”
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