INDEX:DTY0   DJ Transports
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For those who are familiar with Dow Theory will most likely be aware of the Dow Transport having broken above its previous high. For those who are not familiar can grasp the basic from the above chart. For example the trend to the upside or downside needs to be confirmed by each other by breaking above or below its respective immediate pivot high and pivot lows, not necessarily all time high or all time low as the case may be,(though where we get that it adds more evidence). So is this a fake breakout or one that will succeed? These kinds of questions are not easy to answer as there are many factors at play and dynamic to consider. However, taking the note that so far both of these Indices are in sync that is each confirming series of higher high and higher lows, So we are in a confirmed up trend and will continue to be until both of these indices break below their immediate pivot lows. On the upside if the Transport is genuine in its break above its all time high then AB=CD offers possible short term target. In achieving that we would expect Dow Ind to follow and most likely also break above it s 2007 high and eventually could form Major generational high before turning down in significant BEAR MARKET. Check out additional chart on VIX             to help form balanced directional view and Currency chart on EURUSD             which should also continue higher for additional confirmation as part of Inter Market Analysis
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