The Dow Theory buffs are starting to get fairly uncomfortable right about now. These two charts will show you why. The Dow Jones Transportation index broke down below its recent low, suggesting further downside. In addition to that, the Baltic Dry index, which is already down more than 50% since the beginning of the year is a few clicks away from resuming its sell off. Is this the precursor before a massive bear market starts? I think we are about to find out.
Dow Transport Breaks Down. Massive Market Correction Coming? Scary Google