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Tagged: Deamdn, Price, Supply, Technical Analysis
The major critics against Dow thoery are
However,it is the good method in deriving demand,supply making use of the volume traded.
Dow theory
Despite of above drawbacks still many consider Dow as top because it explains demand and supply in very simpler way which is the base for technical analysis
Dow theory is required longer duration to predict the trends though it’s a first theory explain clearly about the supply and demand zone
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.
Dow theory cannot be applied on short term or intraday trading. it needs a chart of 2 years at the least to identify major tops and bottoms.
it remains the easiest way to follow trend and identify demand and supply using volume
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