Friday, April 18, 2008

How now, Dow Theory? Commentary: Venerable Dow Theory poised to trigger a buy signal

(see * below)
From MarketWatch:
The Dow Theory appears poised to go on a buy signal as of Friday's close.
All that's needed for that to happen is for the Dow Jones Industrial Average to close above precisely 12,743.19. That certainly looks likely, since the Dow as of midday was some 125 points higher than that.
The Dow Theory, for those who don't know, is the oldest market-timing system still in widespread use....MORE

*It was just a week ago that we had "How Now Dow Jones (Thank Goodness for Charlie Dow) (GE) "