Rank: Newbie
Groups: Registered, Registered Users Joined: 6/5/2005(UTC) Posts: 6
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Hi, please can I ask you to write or advise me some more disadvantages of Dow Theory?
Thanks a lot
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
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Charles Dow noted that there are 3 trends in an asset,
Short term,Intermediate Term, and Long term.
You can see this if you apply 3 moving averages to a chart.
Several traders use this to trade with the longer trend
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