This is part 6 in our series on Dow Theory. In the last article we focused on the fourth tenet of Dow Theory, The Averages Must Confirm Each Other. In this article we are going to focus on the fifth tenet which says Volume Must Confirm The Trend.
As a quick refresher the 6 tenets of Dow Theory are:
The price discounts everything.
The market has 3 trends.
Major trends have 3 phases.
The averages must confirm each other.
Volume must confirm the… Continue
Posted on October 6, 2009 at 11:30am