Friday, September 21, 2012

Last Gasp Higher?

Stock market "is climbing a wall of worry". But the following chart may just be too much to overcome. Look at the divergence between Dow Industrials, Dow Transports, and Crude Oil. Transports are not only signaling Dow Theory Non-confirmation, but are now also breaking down in concert with Oil. Traders, this is a big deal!
click on chart to enlarge

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