DOW theory (again)

The Dow Theory appears poised to go on a buy signal as of Friday's close.

The DOW theory works well when applied correctly. However, the high to significantly beat is 14,279.96. The current level 12,743.19 is the resistance level for the head-and-shoulders top. The 200 day moving average is around 13,100. A return to 12,500 with a sustained sideways movement is more likely, but who knows?