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Dear Earl,
Like it or not, Granville's work expanded that concept in my opinion. I
personally believe all three must be on all cylinders to be a confirm.
Sincerely,
John
> It is my understanding that the Utilities have nothing to do with Dow
> Theory which is based upon the interaction of the Industrials and the
> Transports.
>
> Earl
>
> ----- Original Message -----
> From: <jvc689@xxxxxxx>
> To: <Realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, September 25, 2003 6:12 AM
> Subject: [RT] Dow Theory
>
>
>>
>> See link. The Dow Utilities peaked in June and need to make a new high
>> to keep the Industrials going.
>>
>>
>>
>> http://stockcharts.com/gallery?$UTIL
>>
>> This is just an opposing point of view to my new heights scenario, but
>> also something to keep an eye on.
>>
>> Sincerely,
>>
>> John
>
>
>
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