Last bear standing, Richard Russell, bullish dow theory

reidbrownfield · Senior Poster Joined: 13 Jun 2005 Posts: 105

In a recent marketwatch article, Richard Russell has conceeded and joined the bull camp. It appears that the oldest dow theory newsletter writer has seen a very bullish dow theory signal. The dow industrials, dow transports, and dow utilities all hit historic highs together on two seperate occasions. The dates were April 20th and April 25. The article was written by Mark Hulbert.

OurManFlint · Newbie Joined: 09 May 2007 Posts: 1

I take it these are the Dow theory-derived indicators he's using, the same ones that made Russell a perma-bear all those great investment years
just a thought

jchen0119 · Posted: Wed May 09, 2007 1:04 pm Post subject: Intellectual honesty

Generally, I would be very concerned when a perma-bear converts to a bull, as this may signal a market top.

But as I read the details of this article, it seems Richard Russell's conversion was based solely on technical considerations, namely his Dow Theory signals. So I think this is more of intellectual honesty than emotional capitulation.

So my respect for Richard Russell has returned. Smile

Jing

HenryTo · Posted: Tue May 08, 2007 12:16 pm Post subject:

Reid,

Thanks for the note. Please check your email as soon as you can.

Thanks,
Henry