Dow Theory

What does it Mean? A theory which says the market is in an upward trend if one of its averages (industrial or transportation) advances above a previous important high, it is accompanied or followed by a similar advance in the other.
Investopedia Says... The theory also says that when both averages dip below previous important lows, it's regarded as an indicator of a downward trend.

Terms Related Links

Dogs of the Dow

Terms Related Links
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What are the "Dogs of the Dow"?

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