What are the major critics against Dow Theory? How come it remains on top of any analysis?

[kanakaraj]

The Major critics about Dow theory is this is not suitable for short term trading( less than 3 months).
Dow theory is a proven one and it produces results more than 100 years with higher success ratio. That is the reason it remains on top of all analysis.

[R.Durga Prasad]

It does not help in Intraday trading but it remains top because most follow it and proven it as successful since it use the main concept of Demand and Supply.

[Padmavathi Sukumar]

Major critics of Dow theory is that it cannot be used for short term trading (intraday). The analysis is done within closing price and hence trading has to be done atlas in 3 months interval.

Still it remains on the top of any analysis as it is the oldest and has been showing good success ratios from then till now.

[KRISHNA KUMAR MS]

The Major criticism about Dow theory is that it is not suitable for short term trading ( less than 3 months) and Intra day trading.
Still Dow theory remains one of the top methods of Technical , because it is a proven one and it produces results more than 100 years with higher success ratio.

[Lakshmisudha R]

Dow theory cannot be used for intra day trading

Dow theory still remains on top of any analysis is because it is the oldest theory with 56 percent success ratio

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