Both the Dow Industrials (DIA) and Transports (IYT) have traced out a lower low and lower high since May 7. A Dow Theory Sell Signal (DTSS) is when both averages: (1) set a new high; (2) pull back from those highs; (3) rebound by 3% or more without making a higher high; and (4) decline below the pull-back low. This is a very old theory that was first developed in the early 1900s. Should we sell everything and run for the hills?
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