Question

Explain in detail the dow and is it used to determine the direction of stock market'

Answer 1

In Dow theory, the primary trend is the major trend of the market, which makes it the most important one to determine. This is because the overriding trend is the one that affects the movements in stock prices. The primary trend will also impact the secondary and minor trends within the market

Answer 2

Dow Theory Concept by which the Analysis of the Stock Market Started, Dow theory is a way of measuring & analysing the long term data. The Primary Trend, Secondary Trend and Intermediate trend used to analyse the Stock of particular company using Chart. The Trend analysis will not include the Pricing Pattern which accurately measures the stock which is a drawback of Dow Theory. Supply and Demand and Resistance which support the Trendliness of Dow theory helps to understand on Long Primary Trend method.