The first basic premise of Dow theory suggests that all information – past, current, and even future – is discounted into the markets and reflected in the prices of stocks and indexes.
The market discounts everything.
Dow theory uses trend analysis to determine which way the market is headed.
Primary trends are major market trends.
Secondary trends are corrections of the primary trend.
The volume must confirm the trend.
, , Dow Theory, dow theory, Higher tops and bottoms, lower tops and lower bottoms, resistance, support, Trends
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