UPSIDE DOWN CAKE and eat it TOO

We not only have a Dow Theory UPSIDE non confirm but with NEW Dowlow we also have a downside non cofirm! Yikes!!!

NAZ had a reverse week, andis nowhere near oversold on the daily...JUST closing below the 200SMA. CAN it will it move counter to the Dow if the Dow begins to rally?

Here are my other observations:
Dow is at or near oversold on Rsi daily. (weekly neutral and not soIMHO ANY move will reset the daily to continue selling lower)
TRansports AUG low is 2959.60 and RSI WEEKLY and daily ovebrought(now coming down on daily) LOWS of MArch 2004 (new low for year) was2743.50 FRI CLOSE was 3371

SO for the trans to close BELOW last low is 412 points for AUG low.
Dow recent high was OCT 10,270 FEB for year was 10.753 TO closestlast high OCT is 513 POINTS!

YOU MUST ask yourself, WHICH is more likely?
Could it be any crazier? more confusing? let's make it simple.
Dow weekly is neutral MUCH room to decline IMHO but daily oversold.

Transports WEEKLY is OVERBOUGHT and DAILY is JUST coming down fromoverbought...with MUCH room to fall.
IMHO one scenario has the TRAN falling as Dow corrects oversold.ALSO NAZ has room to fall, both daily and weekly.

THEN there is this! http://tinyurl.com/5sfr7

AND, the action of the money supply is SCREAMING lookout IMHO, when is last time it fell over $79 Billion in 2 weeks?
And guess what? nobody knows.

Yours til I have another brain cramp
Duratek