By Dudley Pierce Baker
http://JuniorMiningNews.com
http://CommonStockWarrants.com

  • Dow Theory suggests indices must confirm each other and volume must confirm the trend.
  • The new downward trend in the Dow Utilities Index suggests indices are starting to break apart in terms of trending in unison.
  • Volume recently has been trailing lower, which suggests the momentum behind these new all-time highs is weakening.
  • If the Utilities Index continues to move lower and we see increased volume in the selling trend, we will consider the Dow Theory Trend component “broken” and expect a major peak/top soon after.

Chris Vermeulen of the technical traders brings us another great article on the slowing momentum and possible downside risk coming soon.

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

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DOW JONES UTILITIES BREAKING TREND

 

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E.B. Tucker with Casey Research recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

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Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

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