Replies to post #11990 on MDA - Market Direction Analysis (MDA)

[marketmaven]

LG- Did we touch the 20 DMA at 2888 earlier today?

[Ek]

LG:the failure for transports to confirm the DOW may have to do with higher enrgy prices. i have read in several places now, that the DOW theory is no longer relevant, and the S&P500 pretty much replaces the notion of the various sectors of the economy growing concurrently. alternatively, the DOW and the Naz need to move in tandem. any thoughts ?

ek