Archive for the ‘Syndicated’ Category
21st Century Use of the Charles Dow Theory, Part 7
This is the seventh and final part in our series on Dow Theory. In Part 6 we focused on the fifth tenet of Dow Theory: volume must confirm the trend. In this article we are going to take a look at the last tenet: a trend is assumed to be in effect until it gives definite signals that it has reversed.
As a quick refresher the 6 tenets of Dow Theory are:
1. The price discounts everything.
2. The market has 3 trends.
3. Major trends have 3 phases.
4. The averages must confirm each other.
5. Volume must confirm the trend.
6. A trend is assumed to be in effect until it gives definite signals that it has reversed.
Read the rest of this entry »
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21st Century Use of the Charles Dow Theory, Part 6
This is part 6 in our series on Dow Theory. In the last article we focused on the fourth tenet of Dow Theory, The Averages Must Confirm Each Other. In this article we are going to focus on the fifth tenet which says Volume Must Confirm The Trend.
As a quick refresher the 6 tenets of Dow Theory are:
1. The price discounts everything.
2. The market has 3 trends.
3. Major trends have 3 phases.
4. The averages must confirm each other.
5. Volume must confirm the trend.
6. A trend is assumed to be in effect until it gives definite signals that it has reversed. Read the rest of this entry »
If you enjoyed this article, learn how to apply these techniques with stock market video training.
Get the news feed for up-to-date stock market videos here..
Join me on Twitter, Facebook
