Algokid

Warning from the DJ Transport Index ? (IYT)

AMEX:IYT   ISHARES TRANSPORTATION AVERAGEETF
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The DJ transportation index and the DJ Industrial index are suppose to move in the same direction ( same direction does not equal same rate of return), as per the Dow theory. However , for the past 10 days or so, we've seen the DJ Transports, represented by IYT             , break it's trend line and diverge from the DOW ( Orange line) .

So, is the transport index trying to warn us about a upcoming correction in the market ?

SOURCE : SEEKING ALPHA ( http://seekingalpha.com/article/391901-transportation-etf-fires-a-dow-theory-warning-shot)

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