ARTICLE SYNOPSIS...While Dow theorists eagerly watched to see if the Averages would take out their May lows, recent closes beneath the July lows may already tell a bearish tale.
ARTICLE SYNOPSIS...The bearish reversal pattern that appeared on crude oil's weekly chart is now making an appearance on the daily chart.
ARTICLE SYNOPSIS...Dow theory nonevent or not, the lack of confirmation between the transports and industrials in June provides the bears with hopes of a summer reversal.
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