Based on Charles Dow 's century-old methodof using technical analysis of the Dow Jones Industrial Average and the Dow Transports to confirm bull or bear markets, Moroney has been a bull since early March.
When you look into the details of these calculations (this is certainly true for HS2 in hte UK and I would be absolutely astonished if it is different elsewhere, as this is the standard method) the standard value ascribed to the time is the average pay of the people doing the travelling.