Wednesday, 7 March 2012

ANALYSIS STOCK TRENDS, Chapter 3 , The Dow Theory

ANALYSIS STOCK  TRENDS

By
Robert D. Edwards
and
John Magee



Chapter 3







The Dow Theory





 The Dow Theory is the granddaddy of all technical market
studies. Although it is frequently criticized for being "too
late," and occasionally derided (particularly in the early stages of a Bear Market) by those who rebel at accepting its verdicts, it is known by name to nearly everyone who has had any association with the stock market, and respected by most. Many who heed it in greater or lesser degree in determining their investment policies never realize that it is purely and simply "technical." It is built upon and concerned with nothing but the action of the stock market itself (as expressed in certain "averages"), deriving nothing from the business statistics on which the fundamentalists depend.

 

GBP/USD 7 march 2012 British Pound to United States Dollar

GBP/USD 7 march 2012 British Pound to United States Dollar
 
 
 
Sell GBP/USD 1.57501
SL:1.57901 
TP:1.56701
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