DJIA

open 10,270.98

close 10,213.62 down 57.59

day high 10,270.98

day low 10,147.24

today's volume 251,147,169

3mo avg. daily volume 213,138,578

DJTA

open 4,216.26

close 4,209.28 down 7.54

day high 4,216.26

day low 4,137.80

today's volume 15,628,274

3mo avg. daily volume 20,185,952

 

 Increasing volume on down days, decreasing volume on up days (at least as far as the INDU's are concerned).  The TRAN's still refuse to cooperate with a bear consensus... of course they wouldn't agree with the bull either.  Will Mr. Dow be right, that the Rails (now the Transportations) MUST ALWAYS confirm?  Or is this one of those outliers... or perhaps if we just shut our mouths and wait it out, it'll all be clear... unfortunately the final suggested there is always true, it's just not always lucrative to try to invest in an event that has already happened.

The Average P/E on the TRAN's is 23.1 and the INDU's are slightly better at 15.5.  I don't care if Dow proves right or not this particular time, those are not enticing.

Have a nice weekend.  Oh, and Gold wont fall yet either... silly stubborn metal... I love that now people say it's too expensive.  It will be much more expensive than it is now when those people decide it's cheap.  Funny how emotional markets can be, perhaps that's why investing it really can be easier than most people make it out to be.