5 Nov 2016 08:03
DJ TRANSPORT/DJ IND-Anomaly-SEE Dow theory below
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Dow Theory
In <http://financial-dictionary.thefreedictionary.com/Technical+analysis>
technical analysis, a theory stating that when the
<http://financial-dictionary.thefreedictionary.com/Dow+Jones+Industrial+Aver
age> Dow Jones Industrial Average and the
<http://financial-dictionary.thefreedictionary.com/Dow+Jones+Transportation+
Average> Dow Jones Transportation Average both hit a new
<http://financial-dictionary.thefreedictionary.com/Highs> high or a new
<http://financial-dictionary.thefreedictionary.com/Low> low for a period of
time, it can confirm a previous,
<http://financial-dictionary.thefreedictionary.com/Bullish> bullish or
<http://financial-dictionary.thefreedictionary.com/Bearish> bearish signal.
It is important that both the averages must reach a new high (or a new low)
in order to confirm the
<http://financial-dictionary.thefreedictionary.com/trend> trend.
Farlex Financial Dictionary. C 2012 Farlex, Inc. All Rights Reserved
This is market commentary.It is not an invitation to buy or sell.The
information is correct at the time of writing and the opinion is that of of
the author and can change without notice.
Dow Theory
In <http://financial-dictionary.thefreedictionary.com/Technical+analysis>
technical analysis, a theory stating that when the
<http://financial-dictionary.thefreedictionary.com/Dow+Jones+Industrial+Aver
age> Dow Jones Industrial Average and the
<http://financial-dictionary.thefreedictionary.com/Dow+Jones+Transportation+
Average> Dow Jones Transportation Average both hit a new
<http://financial-dictionary.thefreedictionary.com/Highs> high or a new
<http://financial-dictionary.thefreedictionary.com/Low> low for a period of
time, it can confirm a previous,
<http://financial-dictionary.thefreedictionary.com/Bullish> bullish or
<http://financial-dictionary.thefreedictionary.com/Bearish> bearish signal.
It is important that both the averages must reach a new high (or a new low)
in order to confirm the
<http://financial-dictionary.thefreedictionary.com/trend> trend.
Farlex Financial Dictionary. C 2012 Farlex, Inc. All Rights Reserved
This is market commentary.It is not an invitation to buy or sell.The
information is correct at the time of writing and the opinion is that of of
the author and can change without notice.
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