claydoctor

Dowt and correlations observations

DJ:DJT   Dow Jones Transportation Average Index
2
So brexit staring us in the face... DOWT, which is a leader is in a descending wedge pattern, while the artificially inflated stocks market is flat. Dowt price and its rsi is in sync, while other markets ... price is inflated far above its rsi. price and rsi have to match or at least come together for reality. the question is, will the euro gain strength from the vote, whatever they decide, and will the dollar fall further, and what will oil do? Oil is ready to drop. Not enough rigs taken off line, and no new demand, in fact demand is worse. Price can't hold here. Reality is dowt continues its descent,. and other markets follow. Its just a matter of time.
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