Via Jim Stack, comes these terrific series of charts comparing the 2006 markets with what I have previously referred to as the better analogy than 1994.
What I find so astonishing about these divergences is the Transports,
depsite the 20% drop in oil and 30% drop in gasoline, cannot keep up
with the Dow. Intriguing.
A picture is worth a thousand words, so I will let these graphs do the talking:
The 1972-73 top:
The 2006 markets: