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Possibility of Dow Stock Market Trend Change

Stock-Markets / Dow Theory Nov 03, 2009 - 05:58 AM GMT

By: Christopher_Quigley

Stock-Markets

Best Financial Markets Analysis ArticleThe two charts above of the Dow Transports and The Dow Industrials indicate that there is the possibility of a Dow Trend change. The trend altered on the transports over the last three days but is unconfirmed at the moment by the Industrial 30.


If the DJ 30 falls by another 360 points then this will be the first change in trend since this rally commenced in March of this year.  This movement was tested once before on July the 9th. Then the industrials were the weaker of the party. Now it is the turn of the transports to lead.  Because in July there was no confirmation by the Transports I stayed with the trend as dictated to by the rules.

Should the 9430 position on the Industrials be broken it will be a trend sell signal.

However the momentum behind the Industrials is very strong and I am not convinced it will break but I will let the market speak for itself. I am open-minded but prepared.

By Christopher M. Quigley
B.Sc., M.M.I.I. Grad., M.A.
http://www.wealthbuilder.ie

Mr. Quigley is 46 years of age and holds a Batchelor Degree in Management from Trinity College/College of Commerce, Dublin and is a graduate of the Marketing Institute of Ireland. He commenced investing in the Stock Market in San Francisco, California where he lived for 6 years. Now based in Dublin, Mr. Quigley actively trades utilising the principles set out in the modules above. This Wealthbuilder course has been developed over the last 9 years as a result of research, study, experience and successful application.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Christopher M. Quigley Archive

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