Richard Russell: Asleep at the Wheel?

The Dow Theory is flashing a warning.  A big, bold, red-letter warning!  And Richard Russell is saying nothing about it.  Nada.  Zilch.  Why not?  Isnt' that his job as the premier practitioner of the Dow Theory?  What is the warning?  The Dow Transports peaked back in January, on the 13th to be precise.  Their closing high value was 5229.  Meanwhile, the Dow Industrial average has just hit a new high today at 12,162.  That is three weeks of divergence for the two averages.  What does it mean?  Maybe nothing, maybe everything.  But as a paying subscriber, it would be good to hear what Mr. Russell's opinion is on the matter.  After all, that is the name of his newsletter.