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Dow Sell Theory - Putncalls - 09-22-2015
Anyone have an opinion on Dow sell Theory that the chartist are talking about?
Thanks
RE: Dow Sell Theory - Stavros - 09-22-2015
Folks who follow that theory have been saying "Dow Theory Flashes a Sell Signal" since mid August.
Dow Theory is like saying "We better start worrying about the chickens Pa because I saw a fox go into the henhouse last week."
When will the worldwide recession end?
To my opinion, the markets will bottom 6 months before the recession ends.
RE: Dow Sell Theory - Putncalls - 09-22-2015
I appreciate the answer. Maybe commodity prices will stem the tide.
RE: Dow Sell Theory - Getitrt2 - 09-24-2015
Dow Theory has a very good historical record, but once in a while it flashes a false signal, as in October of 2014. There is some thinking that we got such a false signal with the "flash crash" of Aug 24, but that remains to be seen. We don't want the Dow Industrials and Transports to break the previous August lows, at least not by much or for long. A Dow Theory buy or sell signal is generally a longer-term indicator.
It is almost certain there is NOT currently a "worldwide recession". That would be highly unlikely with the US, Europe, China, and India (and Japan?) still exhibiting positive growth. Even PNG is growing. (Ho Ho) We shall see what develops from here, but I don't see it yet.