Insight: Timing system shows U.S. stocks with firm support

The Dow Theory-the oldest stock-market timing system in widespread use – remains bullish. The Dow Theory, for you history buffs, was introduced gradually over the first three decades of the 20th century in editorials in the Wall Street Journal by its then editor, William Peter Hamilton. The three preconditions for a sell signal that he set out are: *Step #1: Both the Dow Jones Industrial Average and the Dow Jones Transportation Average must undergo a “significant” correction from joint new highs.

*Step #2:….continue reading HERE