Dow theory gives the concept of demand and supply, to analyse the market trend wheather it is Bullish or Bearish.
, , Dow Theory, bearish, Bullish, dow theory
, , Dow Theory, bearish, Bullish, dow theory
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Hi,
Answering to your question 1 :: Critics of dow theory.
Critics against dow theory is that it cannot be used for short term trading and by an active trader because dow theory may give the call once in 3 months or once in a year or even no call will be made.
Answering to your question 2 :: Reliability of dow theory
Many concepts in technical analysis are evolved based on dow theory, and also dow theory is effective to find the bullish or bearish trend for long term.