Forex trading system – Reverse the three-point landing theory, and if the low price (for a given movement) is hit twice and then broken on the down side, then you have a gold-plated “bear” signal.

That stock is headed down! The foregoing technique is customarily related not only to the performance of individual stocks, but, more panoramically, to the Dow Jones Average of thirty selected industrial stocks. The stocks that determine this composite average are the common stocks of the following renowned companies: Lest the trend of this Industrial Average contain by chance some warp or basis, the direction, or indicated trend, of the Industrial Average must be confirmed (correspond to) by similar action in the Dow-Jones Railroad Average. This, in oversimplified form, will give you some idea about the Dow Theory. Many seasoned investors take little stock in it. They say that this theory gives the buy or sell signal too late”often months after the up or down trend has been visibly established; and they further say that the rail list has not, since the thirties, been at all representative of basic trends in the stock market.

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[tags]Day Stock Trading[/tags]