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DOW theory was proposed by Charles .H.Dow 1851 -1902
when every one is studying the companies he was the one who studied the price patterns.even though it is the oldest theory it works good except some unusual cases. according to my understanding what ever the indicators says the trend is the breath of the movement of the stock and the power of the trend is conformed by the volume shown. it shows the psychology of the crowd and it shows the path of the investors mo
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