3 Comments on “Applying Dow Theory Divergences to Modern Markets”

  1. Information is nice but the economy still lives or dies on physical things being produced, TRANSPORTED, and consumed.

  2. Andrew,
    Yes and no. It is interesting to look at say the top 10 market cap stocks every 5 years going back over the past 50 years. You find companies like AAPL (which is primarily an entertainment company), GOOG, MSFT, HBC and BRK/A in the top 20 today… so I do stand by my argument that the economy does NOT focus exclusively on physical things being produced, transported and consumed.

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