Hi 952I read your posting and one thing that just screamed out...

Hi 952

I read your posting and one thing that just screamed out to me was under your heading US + Dow regarding the transport index pushing new highs. I had read recently that the DJT, the Dow Jones Transport index was already in a Bear market, so decided to look at the actual numbers. The 52 week high is 11,624, and the current level is 9109. That is a 21.6% decline within 2018. Dow theory proponents would propose that if the DJT diverges from the DJIA, then there is a loss of equilibrium, and the most common outcome is that the DJIA will move towards the DJT to restore balance. The DJIA is currently sitting at 23,062,compared to a 2018 high of 26,951, a decline of only 14.4%. The alternative but less common outcome, is for the DJT to improve relative to the DJIA.  Would you like to comment further?