March 11, 2004

Cracks: Charts of the Day

My ailing but recovering macro analyst buddy Greg Weldon checks in today, saying there are, "significant CRACKS in the 'reflation-theme' as applies to the stock market, beginning with the Dow Industrials, and the Dow Transports, both of which have broken to the downside with increasing velocity and momentum." Greg offers the two charts below: First the Industrials Crack... ...And then the Transports


Post a Comment

<< Home