Future Forecast

Dow’s transport is flashing/confirming the technical rally, a complement to Dow Theory. Dow’s Transport (a leg of Elliot Wave theory) has been hovering @ its primary resistance line of 3,390-3,450. Recent break-out validates the trucking/railroad Co’s thrives more on transports than the price of oil.

• Performance of the past 52 weeks of Dow’s Transport followed the Dow’s Industrial average by 30%+.
• According to the AAR: recent loadings jumped last week to their highest levels in 9 weeks.
• Dow’s transport being a laggard for almost a year; may see reversal due to recent signs of economic recovery.

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