Quoted By:
So when Charles Dow made the Dow Jones Industrial Average he also came up with the Dow Jones Transportation Index which is important because the so-called Trannies all kind of tie the industrials together since they transport the products. As the saying goes what the industrials make, the trannies take. Get it? So I was thinking trannies are to industrials much like semiconductors are to the other tech stocks. Semiconductors are the most importsnt underlying substrate thing all of the tech economy together. Semis can exist without e.g. Facebook but not the other way around. In short, watch trannies to see the underlying health of the industrials, watch semis to see the overall health of tech, and buy SOXL on every dip cuz semiconductors are CRACK IN ALL BUT NAME YOU COCK SMOKING TEABAGGERS!!!
