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

[Priya Vignesh]

Dow theory is for only long positions. It cannot be applicable for short positions. Dow theory is based on demand and supply

 

[murugan]

it is only for long position and not for short position

[Aravind T]

The main limitation of Dow theory is that it can be used only on a long term perspective like few months(2-3 months).It cannot be used on Intraday or short term trades. It still remains on top of the analysis because a lots of theories are partly built-off from Dow theory and it forms the basis for many types of technical analysis theories and trend prediction is really good on a long term perspective.

[Leena Nathan]

This can be used on;y for long term,not for short term.

[Hariesh]

Dow theory is used for only long term perspective not for shot term perspective.It is the strongest of all Long term analysis .It clearly derives demand and supply.

[Author]

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