DOW Theory and Stocks

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  • #45297

    Kiang Kiong

    Hu Wei Ren, 

    Refer to todays webinar where you said based on Dow Theory, market may drop after earning season around Sept/Oct.

    However most of the stocks you covered today, except CN stocks, are predicted to go up at least to Sept/Oct. 

    So not very sure how can these majority of stocks will still go up if the majors indexes going down in the same period?

    Thanks for you enlightenment.

    Regards

    KK Wong

    #45390

    Research Department

    Hi Kiang Kong,

    Yes and I still maintain my view that major correction will happen in September/October period. The sell-off in this week was due to the Fed’s desire to taper slightly earlier than expected.

    Anyway, the Dow Jones Transportation index had a selloff and it goes against what I have mentioned on Monday.

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