Just before the Global Financial Crisis was witnessed, felt and lived, the old relic of Dow Theory flashed its classic divergence: while the Dow Jones Industrial Average pushed to new highs, the Dow Transports had already fallen off a cliff many weeks earlier.
Today we face the exact same conundrum.
This centuries-old method still rings true. Once again it is flashing a significant warning that something ominous is brewing beneath the surface.
Yours truly,
The Great Martis.
She's beautiful.