HERE’S A THE­ORY ... WHAT GOES UP MUST COME DOW

The Irish Mail on Sunday - - PERSONAL FINANCE -

In­vestors have ig­nored a key in­di­ca­tor’s warn­ing that shares are about to fall.

On Mon­day, the famed ‘Dow The­ory’ in­di­ca­tor gave a ‘sell sig­nal’ af­ter shares briefly tum­bled fol­low­ing a raid on Don­ald Trump’s lawyer’s of­fices by the FBI.

The next day in­vestors went on yet an­other buy­ing spree, be­liev­ing com­pany earn­ings re­main strong and that the raid might not have long-term im­pli­ca­tions. But many ad­vis­ers urge cau­tion. In a rarely sent mid­week email, ad­vis­ers Gillen Mar­kets warned: ‘The [Dow The­ory] in­di­ca­tor sug­gests cau­tion at the very least.’

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