THE COUNTS
It is high probability that the Dow Jones Industrial Average will make a new all-time high and the Transports will not, thus leaving a very large degree non-confirmation Dow Theory signal. There may also be a diversion between other indexes on various scales. This potential for the market would create a major fracture event and would be a last spasm of the dying bull market. That’s the theory anyway.
It would be a sort of “double top” situation for many an index, a partial revisit of the all-time highs and a failure on many scales to achieve new highs on many or most indexes across the world representing a great final fracturing of the market. A final death spasm.
Should be exciting!
