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dow jones theory

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nala
Super Contributor
in one sentence its all about price- am i right?
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5 REPLIES 5
Electrox
Super Contributor
YES. Bull = Higher Highs , Higher Lows Bear = Lower Highs , Lower Lows As simple as it gets.
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CrownA
Super Contributor
Wrong - it is about perceived future earnings and risk appetite
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nala
Super Contributor
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Not applicable
the dow theory deals with values and the primary trend of the market, either bear or bull, it is based on where the market is at a specific time and whether signals are rendered
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venice
Super Contributor
Everything is price action, throw away the indicators and occilators they just confirm the price action. Only place is when a divergence exists that gives you a heads up to a direction change otherwise I agree
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