The Dow Theory has two components the Dow Jones Industrials index and the Dow Jones Transports index. The basis of this theory is based on pure technical analysis of the two indexes. The Dow Transports is the more volatile of the two, and what the reader may not know contains a technical statistic that is at the very least 85% accurate. http://www.safehaven.com/article/20189/dow-theory-with-hurst-cycles
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