Richard Russell points out yesterday that the DJIA has closed below previous lows, but the DJTA needs to confirm, and close below $3,792.89 and HAS NOT. At the time of this writing the transports are up 68 for the morning at $3,974.42. As I mentioned regarding volume yesterday, what appears to be a building primary bear trend would not deviate due to no significant decrease in volume of late. However, Russell's the master, and a short term upside reversal does make since due to the industrials and transports not confirming each other recently. We shall see. Perhaps I lean too heavily on volume for the secondary trends. With all said, this authors set for investments for the primary trend, and should a secondary upside reversal prove itself in the near future, I see it only as an opportunity to increase my positions.
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