Richard Russell, of the Dow Letters, has been referring lately to a possibly forming Dow Theory buy signal. The Dow Transports made a new low last week which was unconfirmed by the industrials. If both break their January 6th peaks a Dow Theory buy signal would occur. Russell has been very bearish since November 2007 when the theory confirmed a bear market. He is one man worth listening to…
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.