Why the Dow Theory is still on a ‘buy’ signal - Mark Hulbert - MarketWatch:
"Step No.1: Both the Dow Jones Industrial Average DJIA -0.03% and the Dow Jones Transportation DJT -0.83% must undergo a significant correction from joint new highs.
Step No. 2: In their subsequent significant rally attempt following that correction, either one or both of these Dow averages must fail to rise above their pre-correction highs.
Step No. 3: Both averages must then drop below their respective correction low."
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