Is this a Bear Market Rally or New Bull Market

A week ago Richard Russell said the if the Industrials and Transports can BOTH better their last secondary peaks, this will be very bullish, and it could mean that the primary trend has turned up.

The key numbers on the upside (the last secondary peaks) are:

D-J Industrial Average 9015.10, and

D-J Transportation Average 3717.26.

These points are identified by the blue arrows on the two daily charts above.

Short term gold and gold stocks have turned bearish--I do not plan to trade out of current positions--very difficult to correctly time--I am hedged to the down side with a small position in April AUY PUTS.

I am currently evaluating a deltra neutral straddle strategy for option trading. My 2 week experience has resulted in a loss thus far. I will keep my readers posted--the strategy was advertised to generate over $130,000 in 30 days with only 30 minutes work per day in picking trades.

God Bless and good fortune with all your trades.