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Tagged: Deamdn, Price, Supply, Technical Analysis
dow theory tells us only the direction and not but not the time frame or price for exit or entry. it remains at the top for it was the first theory being established to know the trend in the market.
dow theory tells us only the direction and not but not the time frame or price for exit or entry. it remains at the top for it was the first theory being established to know the trend in the market.
The main criticism of the Dow Theory was that 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. But this theory is top of analysis since it is proven for many years and is good for deriving the trend easily.
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