In order to have confirmation of a major market trend under the Dow Theory, the:
A) industrial and utility averages must confirm each other.
B) transportation and utility averages must confirm each other.
C) utility average must lead the transportation average.
D) transportation and industrial average must confirm each other.

Question

Quizplus · Accepted Answer

Under Dow Theory, a major market trend is confirmed when both the transportation and industrial averages move in the same direction.

In Order to Have Confirmation of a Major Market Trend