Dow theory is the basis of technical analysis.
It states,
The market price discounts everything.
It uses trend analysis, using demand and supply data, to determine which way the market is headed.
The market has three trends(primary, secondary, minor) and the primary trend has three phases (accumulation/distribution, public participation, excess/panic).
The volume should confirm
The sector index should not contradict
, , Dow Theory, dow theory, Higher Bottom, Higher top, Lower Bottom, Lower Top, phases, Trends, zones
Hi,
your answers are well framed and appropriate.