What do you mean, "dold theory"? If you want to know this, first of all, take a good look at the following three words:
:: theories are more important than technology, and investors must have the right ideas to make a difference。
* the dow theory is not used to forecast stock markets, or even to guide investors, but rather as a barometer reflecting general market trends. Most people see the dow theory as a technical analytical tool — a very regrettable view. (charles dow, founder of the dow theory)
• the “dow theory” is designed to be a tool or a tool for upgrading the knowledge of speculators or investors and is not a strict technical theory that can be detached from the basic conditions of the economy and the market。
1. Equities show three trends: major trends, medium-term trends and short-term trends
(1) basic trends
The most important of these trends, also referred to as basic trends (long-term trends, major trends, large trends), consist of a basic upward trend (cow market) and a basic downward trend (bear market). The basic trend in stock prices is of the greatest interest to long-term investors, with the aim of buying stocks as much as possible when multiple markets are formed and selling them before empty markets are formed。
(2) medium-term trends (minor, sub-trends)
Contrary to the general trend, it has some implications for production, and is thus called the revision trend. In multiple markets, it is a mid-term decline or “adjustment”; in empty markets, it is a mid-level rise or “reverse”. This trend ranges from three weeks to several months, and generally increases or decreases by one third or two thirds of the basic trend。
(3) short-term trends (short-term trends, small trends)
It is short-lived, rarely more than three weeks, usually less than six days, the only trend that can be “manipulated”. It does not make any sense in itself, but rather gives a mysterious and vagaries to the evolution of major trends。
Trends at different levels in the same market can coexist
Three trends are very similar to wave fluctuations. The tides, waves and thorium represent the main trends, sub-trends and short-term trends in the market. The tide is predictable, but stock prices are not。
2. Average prices have to be tested against each other
(1) market trends need to be determined by two indices that are consistent in order to reflect trends that are valid and effective。
(2) the changes shown by any single index cannot be used as a signal to determine the effective reversal of trends。
(3) if the performance of the two average prices deviates from each other, it cannot be confirmed that the previous trend is still valid and the projections may be incorrect。
3. The volume of transactions must verify trends
According to dow, trade volume analysis is secondary, but it is of general value as an circumstantial proof of price chart signals. A major trend can be judged on the basis of turnover, but the signal of price reversal can only be sent by the closing price。
That's five minutes of class today. I'll see you next time! The next step in the dodge theory will be updated。
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Http://www. Imaibo. Net/wiibo/415399
Red fans: master of arts, central university of finance and economics, a well-known manipulator closes the door; ten years across the sea, with a wealth of experience in manipulating the business; currently dedicated investment by self-employed companies; good at stock-type operations and one minute real-time forecasting of large discs; unique naval warfare, as a perfect way to capture the stock
