DJIA Confirms DJTA High: A Dow Theory Buy Signal -
9:50 EST - DJIA's rise above its all-time closing high suggests the Dow
Theory long-term bull market signal it sends is pretty strong. One of the basic
tenets of the century-old theory is that no important bull-market signal could
take place unless both the DJIA and Dow transports confirm each other by
exceeding a previous peak. The confirmations don't need to occur
simultaneously, but the shorter the length of time between the two new highs,
the stronger the confirmation. DJIA up 99 at 14226; DJTA up 38 at 6083, earlier
at all-time high 6097.73. (tomi.kilgore@dowjones.com)
Call us at (212) 416-2181 or john.shipman@dowjones.com
(END) Dow Jones Newswires
March 05, 2013 09:50 ET (14:50 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
030513 14:50 -- GMT