AlexandruAngelo

DJ Transportation almost hit the H&S target

INDEX:DOWT   DOW Transportations
42 0 1
Dowt             Transportation Avg is close to the target of the Head&Shoulders pattern formed on weekly chart, which is the next support also 6250/6300.
I am following the DowTheory which says that the two DJ must confirm in order to have a healthy move. From my point of view Dowt             Transportation Avg is leading in this case (as it did in August 2015). I am not saying that Dowi             Industrial Avg will fall as Dowt             Transportation Avg (almost 30% from the peak), but is a big probability for the Dowi             Industrial Avg to have a big downside move.
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