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Dow Theory sell signal is now just one step away from being triggered

The Dow Jones Industrial Average DJIA, -1.77% tumbled 424.69 issues Friday to near at a four-month low of 23,533.20. What makes the decline technically very significant is that final under the Feb. 8 final low of 23,860.46 completes half of the final step had to cause a Dow Theory promote signal, as MarketWatch senior columnist Mark Hulbert explained. The Dow Theory is a marketplace timing tool that has been related on Wall Street for a century. With the Dow closes at a lower low, after a lower prime, all that's had to cause the promote signal is for the Dow Jones Transportation Average DJT, -1.84% to near under its Feb. nine final low of 10,136.61. The Dow transports finished Friday down 190.14 issues at 10,163.32, meaning only a additional decline of about 26.71 issues, or 0.three%, can be sufficient for the bearish signal.