Dow theory is old but it is golden concept

  • : Dow theory is old and it is golden concept to analysis supply and demand in market
  • : Dow theory use line chart to analysis for last 2 years with higher top and lower bottom
  • : Supply and Demand with top and bottom (with high volume )
  • : Dow theory provides only directional indication and only for the longer duration , since it is proven for many years and good for deriving the trend easily.
  • : higher bottom and higher top to take long and lower top and lower bottom to take short for 2 months
  • : don't know
1 Comment
  1. Naresh 5 months ago

    Hi,
    Support and resistance levels are important points in time where the forces of supply and demand meet. Support is the level at which demand is strong enough to stop the stock from falling any further Meanwhile resistance is the level at which supply is strong enough to stop the stock from moving higher but there is no assurance that the support or resistance will hold.

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