Is it a bull market?
On Friday 7 August 2009, the Dow Jones Transportation index registered its highest close of the year. Apparently from a (Dow Theory) technical standpoint this means, we are in a bull market as all three requirements have been met. According to the FT (Financial Times) this doesn’t mean it’s time to buy. Wait for a correction, and buy on the dips.
As a virgin trader still deep in bedtime stock market reading, this is all academic, as I am still not ready to risk the real money. My mantra is to watch, wait and learn at least for the time.
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