EQSIS PRO

Concept of Dow theory and pros and cons of Dow theory

Dow derived a theory for identifying market Trend by using supply and demand levels of stocks based on historical data. This theory is called Dow theory. To forecast the market Trend by using supply and demand, it requires minimum 2 years of data. Based on this theory, we cannot predict the market Trend so early.
This theory fails to explain how far buyers and sellers exist.
It cannot explain the target levels.

Exit mobile version