http://stockcharts.com/def/servlet/SC.web?c=$TRAN,uu[w,a]wallyiay[pc13][vc60][iut!Ub14!Ua12,26,9]&pref=G Transports HIT new all time highs.
http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[w,a]wallyiay[pc13][vc60][iut!Ub14!Ua12,26,9]&pref=G Industrials
Notice how the MACD and RSI are LOWER than at 2004 highs, this new high for Dow not confirmed, and the Dow and Transports have not confirmed each other. BOTH MUST hit new highs or lows together to give strong signal.
SO we wait, will DOw and Tran confirm.
D
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