let's go off the charts with louise yamada for her take. what was your take of the action today? curious. >> well, we had seen some short-term negative divergences which we had shared with clients suggesting that there could be a consolidation. now, we have to remember our definitions of consolidation is anything up to 10%. that's not exactly fast money, but it is the possibility that over time you could see that kind of a pullback. >> right. let's talk about the transports because the last time you were on, you talked about the transports and it leading the dough and that was certainly a good sign. at this point, people are wondering if there's a breakdown underway in this index. >> well, it's only come up to the 50-day moving average. a lot of stocks have broken the 50-day moving averages, and that was one of the short-term divergences in place along with some of the momentum. i think this minor move down may suggest that consolidation is beginning. very definitely. but it doesn't relate to the dow theory which is not a short-term indicator at all. both indices have been up tog