Dow theory is the most fundamental theory which lays the foundation for the technical analysis. Based on the demand and supply we can anlayse the trend of the stock and take calculated decsion to long or short.
Venkatasubramaniam Narasimhan, , Dow Theory, Basics of Dow theory, bearish, Bullish, demand and supply, higher top-higher bottom, Lower Top-Lower Bottom, significance of Dow theory, volume