I have a dilemma. If the Dow continues to climb, and if it climbs above its record high of 14,165 and continues to climb from there, then the economic coast will probably be clear for awhile, and I'll be pleased that any disaster will be put off for awhile. But on the other hand, my warnings about the Transport non-confirmation will have been in vain, and the Dow Theory will have received a black eye.
Oh well, you can't win 'em all. But I'll still stick with my strategy as explained on yesterday's site.
I treat investing as a learning experience. And based on the market action, I clearly blew it. Where did I go wrong? Here's what I've concluded and this is what I learned. The Transport non-confirmation was theoretical. Non-confirmations and the trouble they usually bring on are based on past case histories. In the past when one Average or the ... Log in or subscribe to continue reading.
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