Charles Dow postulated that share price movements followed three types of behavior patterns over time,namely;pricing follows major trends,intermediate trends and long term trends.

Question

Quizplus · Accepted Answer

Charles Dow postulated that share price movements followed three types of behavior patterns over time,namely: pricing follows major trends,intermediate trends and short term movements.Intermediate trends move in the opposite direction to the major trends,and short- term movements can be ignored once identified.Dow Theory involves trying to disentangle the major trends from the other price movements.In essence,Dow Theory proposes that share prices run in long-term

Charles Dow Postulated That Share Price Movements Followed Three Types