Dow theory is a theory which includes the High Tops and High Bottoms for a longer Duration Period.minimum look up period[2 yrs], duration of trend forecasting for Dow Theory?: Line Charts will be used. We can determine Market Overall Trend using Dow Theory by identifying Top’s and Bottom’s. Buy: when higher bottom crosses Previous higher Top Sell: when it breaks Dow theory pattern (Higher Tops and Higher Bottoms) . the previous bottom is Support and the previous top is resistance.

  • : The Dow theory is a financial theory that says the market is in an upward trend if one of its averages (i.e. industrials or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average.-bullish-HB-HT/bearish-LB-LT pattern-to understand market & identify price & volume movements.
  • : line charts
  • : We can determine Market Overall Trend using Dow Theory by identifying Top's and Bottom's
  • : trends were lagging indicators and that by the time the primary trend was confirmed, the primary trend was already in place, and the investor lost part of that move.The forecasting accuracy isn't 100%.can be used only for longer duration-does not indicate shorter reflection but used for years to derive the trend
  • : Buy: when higher bottom crosses Previous higher Top Sell: when it breaks Dow theory pattern (Higher Tops and Higher Bottoms)-longer duration trend
  • : the previous bottom is Support and the previous top is resistance.
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