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I just dredged up the March 22 article in Barron's on Dow theorist Richard Russell. He has been bearish for a while and mentioned that the transportation index failed to confirm an intermediate high in the industrials index. Since then the market has been mostly down.
He seems to have a good long-term track record.
I have two questions:
1. Does anyone place any stock in this theory?
2. Does anyone know the symbol at the yahoo finance page for the DJ Transportation Index? The DJ Industrial Index is available there (DJI) but DJT turns up Trump's company and I can't find anything else.
Thanks,
ValueSnark
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1. A lot of folks whom I respect seem to take it seriously, so I am inclined to also.
2. $TRAN at stockcharts.com, don't know about yahoo.

== dj
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What is this Dow Theory and how does it relate to a small investor like me? Can I use it to my advantage?
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