"No warning can save people determined to grow suddently rich" - Lord Overstone

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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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What's up with the Dow Jones Transportation Index?

What is up, is that it is caught in a sideways consolidation. It is not trending higher, nor is it trending lower yet.

Some Dow Theorists are waiting for it to confirm a direction and rightly so because it is stuck in a sideways trend.

For many investors, this is a caution sign until the sideways trending picks a definite direction.

Dow Jones Transportation Index

 

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