Present and Probable Market Trend
5 Feb 2025
The Dow Jones Transportation Average has formed an intermediate top. This now forms a range from its recent correction low of 15677. At the same time the Dow Jones Industrial Average is currently forming a sideways channel. Remember, both the Dow Jones Industrial Average and the Dow Jones Transportation Average need to be in alignment with each other to indicate whether you should be participating in a longer term uptrend or a downtrend. The companies of the Transportation average move the goods and services as well as the materials needed to produce the goods and services of the Industrial average.
