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Dow Theory Observations

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iShares Trust iShares U.S. Transportation ETF (AMEX:IYT)  
Elixium  
AMEX:IYT   iShares Trust iShares U.S. Transportation ETF
S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) IYT US30
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spx500 spy iyt us30
The moving average + indicator profile of the Dow Jones Transportation average index suggests that further downside momentum is highly probable. If Dow Theory is correct, then the other US indexes will soon follow up with downside momentum.
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