Wednesday, April 25, 2007

Dow Theory Part Deux

As Dow 13,000 stories abound, Dow theorists everywhere are quietly tapping their slide rules in appreciation of another, perhaps more significant milestone.

For the second time in 9 years, a trifecta of new all-time highs on the Dow, Transports and Utilities is confirming the Dow Theory signal that first re-appeared on Friday for the first time since 1998.

A close at record levels is, of course, le reél affaire, but considering all the 13K fireworks, it's worth an intraday note nonetheless.



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