DOW Theory and Stocks

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  • #45297

    Kiang Kiong
    Replying to #

    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.


    KK Wong


    Research Department
    Replying to #

    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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