Care with the dow
I have been observing the dow run recently and i feel there is a need to be cautious at this pt. The unusual low volume is a possible indicator that we might have reach the end of this leg soon. The RSI on the weekly charts looks to be turning down whilst the +DI and -DI looks to be narrowing. One should note that based on the past occurance where ADX narrows it usual signals the end of the current trend. and of all things we see a doji at the top of that run up.
In contrast, the Hui looks much better in valuation compare to the dow stocks, particularly interesting is the stochastics.
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Comments
your weekly Dow chart is dated 11 Oct, which is a Wednesday. There are either two or three more trading days before a full week’s of trading volume is indicated on the chart. Hence it is better to wait till then to see if indeed volume is unusually low. Need to compare apples to apples
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[...] Drizzt presents Care with the Dow, cautioning a top in the Dow and suggesting that the HUI has a better valuation at these levels. [...]